PE-backed Tandym Group acquires Longford & Company

PE-backed Tandym Group acquires Longford & Company

August 5, 2022 – Tandym Group, a recruiting, contract staffing, consulting and workforce solutions company, has acquired Longford & Company, a Boston-based technology consulting and executive search firm. Financial terms of the deal were not disclosed. Tandym is backed by Mill Rock Capital, a growth and operations-oriented private equity firm that invests in well-positioned industrial businesses in North America. “Longford has a great reputation in life sciences,” said Larry Dolinko, CEO of Tandym. “In addition to exceptional industry experience, Longford shares our commitment to providing exceptional customer service through a highly personalized approach.”

“We are incredibly excited to join forces with Tandym,” said Shaun McCourt, founder and managing director of Longford. “Tandym is consistent with our commitment to excellent service, honesty and creating value for our clients or candidates. With Tandym’s infrastructure and broad service offerings, we will be able to provide customized solutions for our partners on a larger scale and nationally.”

Longford provides technology consulting and executive search services primarily to clients in the life sciences, pharmaceutical and other industries. The acquisition further enhances the scale and reach of Tandym Tech, Tandym’s technology vertical, and comes shortly after Tandym’s acquisition of Metro Systems. As a result of this partnership with Tandym, Longford customers will have access to a wider range of services and enhanced capabilities.

Charles Hesketh, Executive Chairman of Tandym and Senior Partner at Mill Rock Capital, said: “Longford’s deep-rooted ties to the life sciences industry in Boston and New England will foster commercial collaboration with Tandym’s life sciences vertical. We are very excited about the expanded range of services that the combined platform can offer to the life sciences industry as a whole.”

Tandym Group (formerly The Execu|Search Group) serves clients across a wide range of verticals, including healthcare, technology, life sciences and professional services (which includes accounting, financial services, human resources/people and operations and legal).

Great Mill Rock LLC dba Mill Rock Capital is a growth and operations-oriented private equity firm that invests in well-positioned mid-market industrial businesses in North America. Founded by Christopher Whalen and Adi Pekmezovic, Mill Rock Capital is purpose-built to invest in family businesses, owner-operators and founder-led companies across six industry verticals. Focus sectors include chemicals, materials and packaging; industrial distribution; services; metals and engineering materials; Transport and Logistics; and special manufacturing and industrial technologies.

Recent acquisitions

Acquisitions and consolidations continue to make news in the recruitment industry, with a number of notable purchases in recent months. Here’s a sample from the Hunt Scanlon Media archives:

Arthur J. Gallagher & Co., one of the world’s largest consulting and risk management firms, has acquired global HR firm Frederickson Partners. Frederickson Partners has locations in a dozen U.S. cities, including San Francisco, New York, Dallas, Chicago, Los Angeles and Nashville, and also serves global technology hubs in London, Berlin, Paris, Mexico City, Bogotá, Seoul and Sao Paulo. Founder Valerie Frederickson and her team will continue to work under the leadership of Scott Hamilton, global managing director, human resources consulting and compensation for Gallagher’s employee benefit consulting and brokerage operations. “Frederickson Partners will expand Gallagher’s executive search capabilities across all industries and offers us significant opportunities for collaboration and growth,” said J. Patrick Gallagher Jr., Chairman, President and Chief Executive Officer. “I am very excited to welcome Valerie and her team to our growing global company.”

Diversified Search Group (DSG), a leading search firm backed by private equity firm ShoreView Industries, has acquired Alta Associates, a Flemington, NJ-based search firm founded by Joyce Brocaglia, specializes in cybersecurity, IT risk management and data privacy. Greenwich, Connecticut-based Hunt Scanlon Ventures facilitated the onboarding and transaction between the two entities. “This is a strategic acquisition that will add significantly to our business proposition in a key area that touches every client we serve,” said Eileen Alexander, CEO of Diversified Search Group. “Cybersecurity, data privacy and resilience are top priorities for boards and senior management in every sector of our economy.

Excel Sports Management, an industry-leading sports agency, has agreed to acquire sports and entertainment executive search firm Nolan Partners. London-based Nolan Partners will continue to be led by CEO Paul Nolan and President Chad Biagini, while operating as a new vertical within Excel’s property division. Focused primarily on senior executive and board-level roles, Nolan Partners works on a global basis with clients that range from sports teams, governing bodies, professional leagues, venues, agencies, broadcasters and other corporate organizations in sports. The firm also has a placement practice that focuses on the placement of general managers/athletic directors, sports medicine, sports science and recruiting.

Haddonfield, NJ-based True, a global executive talent management platform, has acquired climate technology and sustainability executive search firm Hobbs & Towne, Inc. (HTI). Led by Andy Towne and Bob Hobbs, HTI will continue to serve its customers and provide a greater range of capabilities under True. It’s true that one of the fastest-growing search firms of the past decade reported global revenue of $116.5 million last year. The firm placed No. 7 on the Hunt Scanlon Top 25. Hobbs & Towne ranked No. 24 and was crowned the fastest-growing search firm of the year, reporting 59 percent growth.

ZRG Partners, a leading search firm backed by private equity firm RFE Investment Partners, has acquired boutique strategy consulting firm Brimstone Consulting Group LLC. Financial terms of the deal were not disclosed. “The complementary nature of our businesses made Brimstone an obvious partner for ZRG as we continue to expand our portfolio of talent consulting solutions,” said Larry Hartman, CEO of ZRG. “Further ensuring that the new CEO is successful with Brimstone’s proven process will create a new paradigm for CEO transition.”

Korn Ferry has entered into a definitive agreement to acquire Lucas Group. “This combination is the right move at the right time,” said Korn Ferry CEO Gary D. Burnison. “Today’s work environment is transforming before our eyes – people work everywhere, anywhere, anytime. Professionals are on the go. Boomers are retiring and career nomads are looking for a change – early and often. We are taking this opportunity to help clients find the right talent that is highly flexible with specialist skills and experience to help them deliver superior performance.”

Related: Hunt Scanlon Media Launches M&A Advisory Service for Recruiters

With contributions by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsanski, Managing Editor; and Steven Sawicki, Managing Editor – Hunt Scanlon Media

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