November 17, 2020 – Acquisitions and consolidations continue to make news in the recruiting industry, with a number of notable purchases in recent months. Recently, Resolute Administrative Services, a Denver-based provider of back-office support, and workforce and consulting services for recruiting firms, recently acquired Search Partners Recruiting, a Dallas-based search firm that specializes in finding internal talent for the recruiting industry.
Search Partners is a boutique executive search firm founded in 1998 and specialized in identifying executive, management, sales and recruiting talent for recruiting, search, solutions and consulting firms nationwide.
Search Partners’ founder and president Amy Krodel will take on the new role at Resolute of president of professional services. She is in charge of sales and the professional services team leadership.
“The entire Resolute team is excited to have Amy and Search Partners join the family as we build and grow as one,” said Scot Goldfarb, president of Resolute. “Partnering with Search Partners was a natural fit for Resolute, given the alignment of our respective service offerings.”
“We remain committed to identifying top talent nationwide for a variety of roles across a multitude of industries,” Search Partners Recruiting said. “Additionally, Resolute Administrative Services offers back-office support and other business products that help businesses control costs nationwide.”
Recent M&A activity
Acquisitions have kept the recruitment industry in a state of flux. Here’s a sampling of recent acquisitions taken from the Hunt Scanlon Media archives:
Arthur J. Gallagher & Co., one of the world’s largest consulting and risk management companies, acquired Montreal-headquartered Optimum Talent. Financial terms of the deal were not disclosed. Optimum Talent’s Canadian team is composed of more than 260 colleagues in 13 offices nationwide, from Vancouver to Halifax. Internationally, the firm has a strategic partnership with Career Star Group to deliver coaching, career transition and change management solutions.
Recruitment firm Harvey Nash has acquired technology focused executive search firm Latitude 36 as part of its strategic expansion in the U.S. Latitude 36, which employs 125 colleagues across seven offices spanning the U.S and India will become part of Harvey Nash’s technology recruitment division. The management team of Latitude 36 will take senior leadership roles with the business and will work closely with Harvey Nash’s U.S. team, as well as the wider firm, to integrate, build and grow the business.
In an effort to fuel growth across the Northeast and Canada, Brentwood, TN-headquartered recruiting firm Vaco has acquired technology-focused recruiting firm Prodigy Bank of Toronto. The acquisition complements Vaco’s recent expansions in Canada, following its Lannick acquisition in 2017 and expansion into Montreal last year. Prodigy Bank, founded in 2016, joins an organization that delivers talent and solutions across diverse industries and to more than 10,000 clients globally. Prodigy Bank specializes in the e-commerce, technology, digital, software product development and financial services sectors, serving more than 100 clients ranging from the largest enterprises in Canada composed of financial institutions, banks and retailers to small to mid-size companies across various industries.
Russell Reynolds Associates has acquired the cultural analytics business of Workplace Analytics, a provider of data-driven insights and analysis about corporate culture. With this addition, the firm expands its culture assessment portfolio to assist CEOs, boards of directors and CHROs in more accurately identifying deep-rooted issues within a company’s culture and creating environments that drive performance, spur innovation and foster collaboration. As the firm sees it, more data / less risk, hence the acquisition.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media