ZRG Partners Posts 18 Percent Revenue Gain

May 6, 2016 – ZRG Partners has posted revenues in its Americas region of $11.1 million, up 18 percent, for 2015. The firm now ranks as the 23rd largest search firm, according to the latest statistics report released from Hunt Scanlon Media. ZRG currently has 37 consultants across 17 offices global offices, and reported $13.6 million worldwide last year.

ZRG has been expanding its consultant ranks and sector specializations over the last several years and now provides human capital services to a number of key markets, including financial services, aerospace & defense, consumer, cybersecurity & defense / intelligence, education, healthcare & life sciences, industrial, non-profit, private equity & venture capital, professional services, and technology.

“2015 was a game changing year for ZRG Partners,” said CEO Larry Hartmann. “Our focus last year was setting the foundation for achieving our next milestone of $50 million in revenues and beefing up our infrastructure to support this.” To that end, ZRG completed a private equity fund raise in the first quarter of 2015 which, according to Mr. Hartmann, “has provided fuel and capital to now safely execute our long term growth strategy. We are on pace to exceed $25 million in revenues in 2017, based on these investments.”

During the year, ZRG added 10 managing directors, including three from the CTPartners fallout. “We have beefed up our industrial and life science practices significantly this past year with the additions of Jim Aslaksen and Andy Talkington as well as Richard Morford and Susan Baldwin,” said Mr. Hartmann.

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The firm’s growing consumer practice was augmented with the addition of Mary Kier in Chicago. ZRG also addressed one of its industry gaps, in the area of technology, by bringing in two partners with a focus in this sector. “We are pleased that our North American footprint was extended to Canada during the year, with the addition of a Toronto office and the hiring of David Kinley and a support team there,” he added.

“We are pleased to see that the fruits of our investments in 2015 have already been yielding strong results in the first quarter of this year,” said Mr. Hartmann. He said the firm’s revenue run rate is now pointing to 40 percent year-over-year growth, based on the additions and investments during last year. “We remain optimistic and positive about the results of 2015 and how they have set the table for the next phase of growth for the firm.”

Highlights from 2015 include:

  • Andy Talkington also joined ZRG from CTPartners. Mr. Talkington is based out of Houston where he is further building the firm’s global industrial practice. With more than 16 years of executive recruitment experience, Mr. Talkington previously served for two years as vice chairman and co-head of the global industrial practice at CTPartners, where his search practice was concentrated in placing top executives in board of director, CEO, and executive-level management positions within the industrial sector.

Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media

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