New Heritage Capital, a Boston-based private equity investment firm specialising in founder-owned businesses, has invested in The Execu|Search Group, a recruitment, temporary staffing and workforce management solutions provider with expertise in healthcare and financial services.
The transaction will be structured using Heritage’s Private IPO solution. Execu|Search will retain operational control of the company, and the existing management team will remain in place.
Execu|Search is a provider of full-service staffing solutions throughout the Northeast and Florida. The company serves clients across a broad range of industries. The company has grown significantly above the industry average rate and will continue to gain market share by leveraging its reputation across both new and existing companies and industries.
“We are very excited about the opportunity to partner with Heritage and see this as the beginning of the next chapter in the success story of The Execu|Search Group,” says Edward Fleischman, founder and CEO of Execu|Search. “We see our partnership with Heritage as an incredible opportunity to grow our company and build on our impressive organic growth. We also look forward to working with their team to seek acquisition opportunities in the market to further accelerate growth.”
Judson Samuels, partner of Heritage, adds: “We are thrilled to have the opportunity to partner with Execu|Search and will strive to continue building upon the impressive company that Ed and the team founded.”
