February 26, 2019 – Acquisitions continue to make big news in the executive search industry. Aleron Group, a global workforce and business solutions company, has acquired TalentRISE, a Chicago-based firm specializing in executive search and recruitment process outsourcing (RPO), effective immediately. Financial terms of the deal were not disclosed.
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 TalentRISE leadership team includes Carl Kutsmode, Allicia Hahn and Jason Krumwiede.
“Over the past decade, TalentRISE has helped businesses overcome their most pressing talent acquisition challenges through a consultative and highly tailored approach — and today, we’re excited to join forces with an organization that shares this commitment,” said Mr. Kutsmode, TalentRISE consulting practice leader.
“As our industry continues to move toward total talent solutions, we will provide a broader scope of services to customers of all Aleron companies,” said Scott Stenclik, president and CEO of Aleron. “TalentRISE’s capabilities, experience and reputation will enhance Acara Solutions’ executive search services and, in addition, strengthen Broadleaf Results’ RPO offerings.”
Prior to the acquisition, TalentRISE lost one of its key players when veteran search consultant J. James O’Malley left to become managing director in the Chicago office of Stanton Chase International.
Established in 1957, the Aleron’s global brands offer consultative and complementary services that provide complete, end-to-end workforce and business solutions focused on talent, outsourcing and technology. The company said it strives to put a personal touch on contingent staffing, direct placement, payrolling, contract-to-direct and executive search services.
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:
JURISolutions (JSL), a legal services firm, acquired Link Legal Search Group, a Dallas-based legal search firm, as a strategic piece of the new full-service executive search division of JSL. Link Legal Search Group, which focuses on retained legal search services for law firm and corporate legal department clients, will operate as a division of JSL. Rahul D. Yodh, founder of Link Legal Search Group…
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