January 4, 2018 – Non-profit search specialist Koya Leadership Partners has acquired New York-based recruitment firm ReWork and its sourcing platform technology. Financial terms of the deal were undisclosed. ReWork co-founder and CEO Abe Taleb joins Koya as a vice president, where he will help to expand the firm’s focus around the Millennial workforce.
Koya will leverage ReWork’s technology to engage with candidates more deeply around their social mission and desired impact in the world, said Koya. The firm also plans to use its newly acquired technological capabilities to broaden its network of potential candidates, particularly with Millennials. “Technology will play a critical role in the recruitment process in the coming years,” said the firm in a statement, “and this new acquisition will help Koya remain a recruiting front-runner as the industry continues to evolve.”
Katie Bouton, Koya’s founder and CEO, said the acquisition has the potential to allow for opportunities on a broad scale. “The world would be a better place if the best thinkers and doers of each generation defined their success not only based on the pay or prestige of their jobs, but on how big an impact they can make in the world,” she said “We’re thrilled to collaborate with Abe, who brings best-in-class knowledge and experience around attracting, recruiting, engaging and placing talented Millennials.”
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“Abe truly understands what motivates Millennials, how to excite and engage them, and how they have an unwavering commitment to social responsibility,” Ms. Bouton said. “He’ll be instrumental in helping us attract and place a new generation of emerging leaders into roles that will fuel their passion for social change and allow them to make a positive difference in the world.”
A massive leadership swing is in the offing, the search firm said, as Baby Boomers in high level positions retire and too few Gen Xers are available to take their place.
“With this unique market opportunity, Millennials are looking at jobs differently than previous generations have,” said Mr. Taleb. “If Millennials aren’t challenged and engaged in their job, they’ll move on. They’re looking for more than just a salary – they want meaningful work at companies that are committed to social responsibility as well as diversity in the workplace.”
Mr. Taleb’s professional interests meet at the intersection of social enterprise, policy innovation, and racial justice, the firm said. He has placed leaders at Acumen, Third Sector Capital Partners, NationSwell, Code2040, and many more mission-driven organizations. Based in New York City, Mr. Taleb will continue to work with clients and candidates nationwide.
Recent M&A activity
Acquisitions continue to make big news in the executive search industry and this wave appears to be carrying along into 2018. Here’s a sampling of recent acquisitions taken from the Hunt Scanlon Media archives:
Russell Reynolds Associates Acquires Zygos Partnership
Russell Reynolds Associates acquired London-based Zygos Partnership, a U.K.-based board and CEO advisory firm. Founded by Julia Budd in 2002, Zygos Partnership specializes in the appointment of chief executives, chairmen, chief financial officers and non-executive directors for listed companies or …
Vaco Acquired by Private Equity Firm
Executive search firm Vaco was acquired by Stamford, CT-based private equity firm Olympus Partners. Founded in 2002 by Jerry Bostelman, Jay Hollomon, and Brian Waller, Vaco partnered with its first private equity partner, Quad-C Management, three years ago.
DES Recruitment and Miramar Global Executive Search Merge
DES Recruitment merged with U.K.-based Miramar Global Executive Search. John Hodge, founder and managing partner of DES Recruitment, became managing partner for Miramar. Miramar Global has forged a reputation serving U.S. multinationals in the Americas as well as across EMEA and Asia.
Heidrick & Struggles to Acquire Amrop Denmark, Creating Market Leader Position
Heidrick & Struggles entered into an agreement to acquire Amrop Denmark. The deal is estimated at $8.4 million, according to a filing with the U.S. Securities and Exchange Commission. All five Amrop Denmark partners joined Heidrick’s Copenhagen office.
Sheffield Haworth Acquires NBI Consulting
London-based executive recruitment firm Sheffield Haworth acquired nbi Consulting, a specialist global executive search and talent management firm in the business and professional services sector. As part of the acquisition, nbi became part of Sheffield Haworth’s global business and professional services practice.
Prodigy Sports Acquires Ascension Sports Partners
Freehold, NJ-based Prodigy Sports, a nationwide leader in top-level sports recruiting, acquired Ascension Sports Partners, a boutique search firm led by veteran recruiter Dan Rossetti. Financial terms of the deal were undisclosed.
DHR International Acquires Fashion Boutique Search Firm Cooper+Logan
DHR International acquired boutique executive search firm COOPER+LOGAN. With the addition of two new managing partners, the acquisition strengthened DHR’s retail/fashion industry and functional expertise.
Ward Howell Continues U.S. Expansion With Acquisition
Global recruiter Ward Howell International acquired Curran Partners, a Stamford, CT-based executive search firm with a concentration in the life sciences, among other sectors it serves. Founded in 1989, Curran Partners became the U.S. member of ECI Group, an international network, in 2003.
Options Group Acquires MCL Search
Global financial recruiting specialist Options Group acquired MCL Search Ltd, an executive search firm based in London specializing in electronic markets (trading and distribution), prime brokerage/clearing and financial trading technology with a focus on currencies and fixed income.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Will Schatz, Managing Editor – Hunt Scanlon Media