DHR International agrees to terms of acquisition of CTPartners
June 22, 2015
CHICAGO (JUNE 22, 2015) – DHR International is pleased to announce the agreement of a term sheet outlining the acquisition of certain assets from executive search firm CTPartners (NYSEMKT: CTP). The transaction is estimated to add 17 offices and 250 employees worldwide to DHR International.
“We’re very excited about welcoming CTPartners employees and clients to DHR. This process has been performed with extensive diligence and more than 200 phone calls between employees of both firms,” said Geoffrey Hoffmann, CEO of DHR International. “The value system and culture of DHR aligns well with those of CTPartners employees, which is always a critical component to a successful integration. Through our diligence, it became abundantly clear that the combined organization will be better able to serve clients in the unique culture that has propelled the success of both companies for so many years: client service, collaboration, an entrepreneurial and team based approach with a global reach. The addition of CTPartners’ employees will further strengthen our ability to serve our clients on a global scale with the client centric focus that has been the foundation of DHR’s success. I want to thank the employees of DHR and CTPartners for their support, time and hard work in making this acquisition a reality.”
Initial talks between DHR International and CTPartners began in January of 2015. In late May, CTPartners announced exclusive negotiations between the firm and DHR International.
For more than 25 years DHR International has been a leading, privately held provider of executive search solutions with 53 wholly-owned offices spanning the globe. DHR’s renowned consultants specialize in all industries and functions in order to provide unparalleled senior-level executive search, management assessment and succession planning services tailored to the unique qualities and specifications of our select client base. For more information on DHR International, visit www.dhrinternational.com.