LandrumHR Acquires HR-Focused Search Firm hrQ
June 20, 2019 – LandrumHR, a Pensacola, FL-headquartered full-service human resources firm, has acquired executive search firm hrQ in Denver. Financial terms of the deal were undisclosed.
The human resources sector is hrQ’s bailiwick. The firm focuses exclusively on providing HR professionals for short- or long-term contract assignments and full- time hires as well as offering expertise on a variety of human resource consulting projects. The firm provides three main services for clients: HR search, interim HR staffing and HR consulting. It has offices in Atlanta; Austin, TX; Dallas; Denver; Houston; Los Angeles; Philadelphia; and San Francisco.
The hrQ team continues to be led by Kathy Rapp, Brian Wilkerson and Kha Le, and will maintain its brand identity, becoming the third business unit in the LandrumHR portfolio of companies.
“hrQ will remain everything our clients have come to expect,” said Ms. Rapp, president of the search firm. “We’ll operate under the same values and continue to offer customized and integrated human capital services. We are excited to be able to expand our capabilities to help organizations truly transform their people strategy.”
“hrQ’s experienced team, collaborative culture, and the added value of their service offering were all key elements in our decision to make them a part of the LandrumHR family,” said Britt Landrum, CEO of LandrumHR. “This new addition allows us to offer more human capital services and expertise than ever before. We’re excited for what this will mean for our employees and clients.”
Mr. Landrum said this next step represents the combination of two entrepreneurial companies with strong cultures deeply rooted in family, trust and nurturing meaningful relationships. “Going forward our goals and vision remain unchanged,” he said. “We are making the business of people easier and simplifying the people equation together.”
LandrumHR offers full-service human resources, payroll, benefits, risk management, workers’ compensation, compliance, workforce solutions and HR training.
Acquisitions
A number of private equity, staffing and advisory companies have acquired executive search firms over the past year. Here’s a sampling from the Hunt Scanlon Media archives:
Consulting and people solutions business, New Street Group, acquired London-based search and leadership consultancy Wickland Westcott. Wickland. With over 40 years of experience, Wickland Westcott blends commercial judgement with psychological expertise to enhance organizational and individual performance.
Aleron Group, a global workforce and business solutions company, acquired TalentRISE effective immediately. Founded in 2008, TalentRISE supports companies in nearly every vertical — retail, manufacturing, technology, financial services, healthcare, life sciences, e-commerce, and more — with custom and comprehensive talent acquisition solutions.
The Power of Talent Ltd. (Bidco), an entity owned and controlled by investment funds managed by DBAY Advisors, has made a £98.7 million bid to acquire London-based recruitment firm Harvey Nash. David Morrison, investment director of DBAY, said his firm was pleased to have reached agreement with the Independent Harvey Nash directors.
Executive search firm Vaco was recently acquired by Stamford, Conn-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.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media
