October 26, 2017 – Acquisitions continue to make big news in the executive search industry. Just recently, human capital consulting company Management Partners Inc. (MPI) entered into an agreement to acquire Radnor-based executive search firm Salveson Stetson Group (SSG). Financial terms of the deal were not disclosed.
Following the transaction, which is expected to be finalized by the end of the year, the firm will continue to operate as Salveson Stetson Group under the leadership of co-founders Sally Stetson and John Salveson, who will also take on additional executive responsibilities for MPI.
Salveson Stetson Group, a Hunt Scanlon Media Top 50 Healthcare and Life Sciences search firm, will join the MPI family of companies, which includes healthcare search firm Furst Group and NuBrick Partners, a leadership consulting firm. Together, the three firms will offer clients a wide range of executive search, assessment and leadership solutions.
“When we met MPI’s Bob Clarke and Sherrie Barch as new members of IIC Partners, we knew immediately that they were exceptional leaders and business people,” said Ms. Stetson. “We realized that joining forces would strengthen both of our firms, drive new business growth and expand our reach and capabilities.”
“By joining with MPI, Salveson Stetson Group becomes a much richer resource to our clients,” said Mr. Salveson. “We are excited to have the opportunity to offer our clients a broader set of talent and leadership development solutions through adding NuBrick Partners’ and Furst Group’s capabilities to our portfolio of services.”
“We are thrilled to be welcoming the Salveson Stetson Group team to the MPI family,” said Bob Clarke, CEO, and Sherrie Barch, president, of MPI. “The firm’s reputation and culture provide a perfect complement to ours.”
Specializing in $200,000-plus salaried positions, Salveson Stetson Group places executives at organizations ranging from Fortune 500 companies to non-profit entities.
Ms. Stetson has more than two decades of experience as an executive search consultant. She has worked across diverse industries including life sciences and pharmaceutical, healthcare systems, manufacturing, telecommunications, non-profit and professional services. She also serves as practice leader for the firm’s human resources specialty practice.
Mr. Salveson brings more than 30 years of experience consulting with a broad range of organizations, including life sciences and pharmaceutical companies, banks, insurance companies, manufacturers, professional service firms, healthcare providers, retailers, service organizations and non-profit institutions. He has particular expertise in management and organization development consulting.
Executive search firms have seen a rise in acquisitions this year. Activity, in fact, seems heightened across the board:
London-based search firm Harvey Nash has acquired Crimson Limited. The firm, founded in 2000, is a U.K.-based IT solutions and recruitment company that specializes in digital and technology transformation solutions as well as offering a full range of IT recruitment services. Robert Mallaband and Simon Chave will continue as CEO and CIO of Crimson respectively.
The Tolan Group, a member of the Sanford Rose Associates network, recently acquired Charleston, SC-based Discover Biopharmaceutical Search and Placement, a boutique search firm dedicated to the biopharmaceutical field. Financial terms of the deal were undisclosed. The transition is effective immediately.
Heidrick & Struggles recently 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 are expected to join Heidrick’s Copenhagen office as partners.
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 will become part of Sheffield Haworth’s global business and professional services practice.
DHR International has acquired boutique executive search firm COOPER+LOGAN. With the addition of two new managing partners, the acquisition strengthens DHR’s retail/fashion industry and functional expertise. COOPER+LOGAN, founded in 2008, specializes in the selection of senior-level design, merchandising and creative services candidates for “brand-centric” clients.
Global recruiter Ward Howell International has 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.
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.
Focus Search Partners (FSP), the executive search division of talent solutions provider Vaco, has acquired the Dallas, TX-based recruiters Taylor Winfield. With the acquisition, FSP gains a team of professionals with enterprise operating experience across industries including Internet/ digital media, technology/ SaaS software, consumer/retail/food service and business services.
ZRG Partners acquired life sciences specialist HM Long Global Partners. As part of the asset acquisition agreement, Helga Long, formerly the chair and CEO of HM Long/RSVP Group, joined ZRG Partners. Ms. Long is considered one of the world’s top executive search professionals in life sciences.
Jordan Search Consultants, a recruiting firm focused on the healthcare, executive and higher education sectors, acquired Health Search New England (HSNE), a search firm specializing in the recruitment of healthcare providers throughout the Northeast. Financial terms of the deal were undisclosed.
Acertitude acquired Los Angeles-based Olive Avenue Search Partners. Olive Avenue’s founders, Gwen Sabo and Joann Maciejewski, bring deep expertise in the development of research capabilities, training and development, and identifying and engaging top talent. Financial terms of the deal were not disclosed.
Ohio-headquartered Torch Group acquired Selker Leadership, a search firm that places candidates in the technology and software fields. Selker Leadership’s president, Gregory L. Selker, will join Torch Group as senior vice president and search operations leader, overseeing the firm’s search practice, including research and candidate development.
Buffkin/ Baker recently merged New York-based WTW Associates into its expanding executive recruiting platform. WTW, a talent provider focused on the media, entertainment, technology and law industries, will integrate its operations into the Buffkin/ Baker New York office. Warren Wasp becomes a partner in the firm, and will head its entertainment/ media practice.
U.K.-based Hydrogen Group acquired Argyll Scott for £3.3 million. Together, the combined firms will deliver recruitment services across multiple functions, industries and countries. The acquisition allows Hydrogen to accelerate international growth plans and benefit from greater strength and depth in the London market.
Walter James recently acquired Euromedica Executive Search Limited. Walter James operates in the life sciences sector with a focus on global enabling units. The acquisition positions the firm to offer end-to-end specialist service across the entire life sciences value chain. Financial terms of the deal were not disclosed.
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