Press releases
Deloitte Corporate Finance LLC advises The Execu|Search Group, Inc. on its recapitalization with New Heritage Capital, LLC
CHARLOTTE, N.C., Jan. 24, 2017 — Deloitte Corporate Finance LLC acted as the exclusive financial advisor to The Execu|Search Group, Inc. (Execu|Search), a leading provider of recruitment, temporary staffing and workforce management solutions, in its recapitalization with New Heritage Capital, LLC (Heritage). The recapitalization closed Oct. 5, 2016.
Headquartered in New York City, Execu|Search services 11 practice areas with particular expertise in health care, accounting, financial services and information technology. The company has over 250 Execu|Search employees, has serviced over 26,000 companies and has placed over 60,000 employees into new jobs over their more than 30 years in business. Execu|Search has nine offices across the United States, with locations in New York, New Jersey, Connecticut, Massachusetts and Florida.
“Deloitte Corporate Finance provided exceptional support throughout the transaction process and brought together a diverse universe of investors and potential acquirors in a very competitive process,” said Edward Fleischman, chairman and chief executive of The Execu|Search Group. “The team was critical in assisting Execu|Search with strategic positioning to support negotiations and facilitating a comprehensive due diligence process. We couldn’t be happier with the outcome.”
“Execu|Search is led by founders with a powerful vision to grow the company into a comprehensive, nationwide provider of staffing services,” said Phil Colaco, managing director, Deloitte Corporate Finance LLC. “Heritage brings significant experience and resources that Execu|Search can leverage to help accelerate its growth.”
About The Execu|Search Group, Inc.
Execu|Search provides recruitment, temporary staffing, and workforce management solutions across the United States with offices in New York, New Jersey, Connecticut, Massachusetts, and Florida. It offers services across eleven practice areas, including accounting and finance, creative and digital, engineering, financial services, health services, human resources, information technology, legal services, life sciences, nonprofit, and office support. For more information on Execu|Search, visit the Execu|Search website www.execu-search.com.
About New Heritage Capital
Heritage is a Boston-based private equity firm with a twenty-year history of partnering with growing, middle market, founder-owned businesses. With its innovative investment structures like the Private IPO®, Heritage provides founders with a combination of liquidity and growth capital while allowing founders to maintain control of their business. With decades of experience at managing growth, Heritage gives its partners the strategic, operational and financial guidance to help its companies reach their growth objectives. For more information, please visit www.newheritagecapital.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
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Media contact:
Shelley Pfaendler
Public Relations
Deloitte Services LP
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