— Jeff Kay
PLANO, Texas, USA, September 7, 2022 /EINPresswire.com/ — Starfish Partnersan international investment and ownership platform for highly specialized professionals and searchers for middle and senior executives, is proud to announce the acquisition Direct Recruiters Inc. (DRI). Current Starfish Partners organizations include search firms. Kay/Bassman International Corporation (KBIC), Full Spectrum Search Group, Sanford Rose Associates International (SRAI), and the recruiting industry’s largest consulting and training firm, Next Level Exchange (NLE). This stock deal is one of the largest in the mid- to senior-level recruiting industry.
Dan Charney and Mike Silverstein of DRI and Jeff Kay, Karen Schmidt and Nick Turner of KBIC, SRAI and NLE have joined the new board. Dan Charney shared, “DRI has a long relationship and has benefited from the leadership of the NLE as evidenced by the fact that we have grown tenfold in less than ten years. We intend to continue on this path as we look for additional investment and acquisition partners. We are excited to continue doing great work for our clients and helping our employees and partners achieve their goals.”
Starfish Partners provides capital to recruiting firms looking to scale, as well as exit strategies for owners looking to secure value for their firm in cash and/or stock. It also provides liquidity and the ability to monetize some value while providing equity opportunities for key producers and leaders.
“With this expansion, the combined operations, finance, technology, marketing communications, recruiting, training, coaching and consulting divisions now represent the largest and most permanent team serving the third-party recruiting industry. We are very excited to welcome new members to our corporate and executive team,” said Nick Turner.
“Over the past decade, we have built a deep and trusting relationship with DRI and our partnership represents a strong cultural alignment between our organizations and a shared vision of the future direction of our industry. Every member of the SRAI network and every NLE client will get even more support, reliable partners and common opportunities as a result of joining forces,” added Karen Schmidt.
Starfish Partners organizations have received numerous awards for best place to work, workforce flexibility and philanthropy, and have been ranked among the top recruiting firms in the country. As part of the new alliance, the combined revenue of all SRAI offices with three search companies and consulting organizations will exceed $300 million per year. All organizations will retain their brands, and many functions will become centralized where it is beneficial to the team.
“Starfish Partners is well positioned to provide access to capital, liquidity and potential capital in our highly fragmented market. We are on our way to something that has never been done before in our industry. We strive to add value to our combined 50+ owners, 200+ partners, 170+ SRAI offices, and 1,000+ NLE clients by doing challenging and meaningful work with people who inspire us to be the best versions of ourselves,” commented Jeff Kay. .
The acquisition will allow all organizations and future investments to better serve customers, maximize growth potential and ensure continuity of what the founders created. In an industry of over 25,000 independent recruitment firms, Starfish Partners is actively pursuing aggressive growth through various mergers, acquisitions and capital injections.
Find out more at www.starfishpartners.com.