Caldwell Partners Posts Revenue Gains Through Expansion

November 17, 2010 – Executive search firm The Caldwell Partners International Inc. has posted 2010 fourth quarter revenues of $11.2 million, up 143 percent compared to the prior year. Annual revenue increased 81 percent to $29.2 million, reflecting marked increase in contributions from U.S. operations, which represented 60 percent of fourth quarter and 53 percent of annual revenues. Including the $1 million restructuring charge, the company reported an annual net loss in 2010 of $1.2 million as compared to a loss of $7.5 million in 2009. "We have now completed the first full year of our North American expansion strategy, and we are very pleased with our accomplishments to date," said John N. Wallace, CEO. "We nearly doubled our revenue, opened five physical locations in the U.S., established a strategic alliance with a London-based executive search boutique, and built a strong North American platform from which we can better serve our clients.” Caldwell Partners, founded in 1970, provides human capital services to its clients through offices and partners in Vancouver, San Francisco, Los Angeles, Dallas, Calgary, Chicago, Atlanta, Toronto, Stamford, New York City, and a strategic presence in London.