October 20, 2022 – Brentwood, TN-headquartered recruiting firm Vaco has acquired BVOH, a provider of consulting services, permanent placement, and executive search. Financial terms of the deal were not disclosed. BVOH specializes in placing finance and accounting talent across many industries including technology, life sciences, asset management, and consumer products.
Leslie Boudreaux, managing partner, and three partners founded BVOH in 2004. Ms. Boudreaux will remain in her role as managing partner, and she, along with all current BVOH partners and approximately 35 employees in San Francisco and Austin, will continue to deliver customized solutions for their clients.
“Leslie, her fellow partners, and the entire team at BVOH have built an amazing business over the last 18 years,” said Brian Waller, co-founder and CEO of Vaco. “Their expertise in providing finance and accounting solutions to world-class clients will provide a perfect complement to Vaco’s strong presence in the Bay Area and will plant a flag for Vaco in Austin.”
Founded in 2002 by Jerry Bostelman, Jay Hollomon, and Mr. Waller, Vaco provides boutique-level service with global reach in executive search, consulting, permanent placement, and strategic staffing. Its areas of expertise include accounting, finance, technology, healthcare IT, operations, administration, and managed services. The firm operates more than 35 offices, with 780-plus employees and 4,300 consultants worldwide.
Vaco recently acquired Bay State Search, a Boston-based national talent acquisition and outsourcing firm. The deal last year gives Vaco a foothold into the Boston market and complements its Northeast growth, following the launch of its technology and staffing divisions in the tri-state area last year.
Bay State Search, founded in 2013, serves the accounting and finance, banking and financial services, information technology, customer service, legal work, and administration sectors. Terms of the transaction were not disclosed. Bay State Search will transition to the Vaco brand in 2022, and its executives will remain with the company. Vaco said it has been looking at Boston for a long time. “Once we met [Ryan Murphy, principal and founder of Bay State Search] and the Bay State Search team, we knew we’d found the right partners,” said Vaco CEO and co-founder Brian Waller. “Like Vaco, Bay State Search puts people and relationships first, and this is the perfect partnership to bring more value to both clients and candidates in the Boston market.”
This follows Focus Search Partners, a Vaco company, acquiring Dallas-based Southerland Group, complementing its existing expertise across the healthcare industry. Southerland Group is a nationally recognized retained executive search firm with specialization in complex integrated delivery systems, hospitals, academic medical centers, children’s hospitals, and payer organizations.
Under the agreement, Southerland Group’s founder Keith Southerland and his team joins Focus Search Partners’ leadership team. Mr. Southerland brings more than three decades of experience leading executive search for healthcare provider organizations to the firm and has conducted more than 1,100 searches for non-profit multi-hospital health systems, professional associations, pediatric health systems, public hospitals, academic medical centers, and managed care organizations.
Related: Vaco Opens New Office in Vancouver
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media