- Global talent and solutions firm Vaco recently announced it acquired MorganFranklin Consulting. Here’s why.
Vaco — a global talent and solutions firm — recently announced it acquired MorganFranklin Consulting. MorganFranklin Consulting is a leading finance and technology advisory firm that specializes in solving complex transformational challenges for its clients, to be its global consulting platform. And the addition of MorganFranklin creates a combined $750 million professional services innovator capable of delivering executive placement, methodology-driven consulting, critical project resources, comprehensive strategic staffing, and permanent placement solutions.
The acquisition of MorganFranklin brings a true end-to-end business solution that serves across a wide range of industries and offers critical complementary services capable of immediately adding value to Vaco and MorganFranklin’s clients.
“Vaco has always strived to be the most consultative talent & solutions firm in the industry and with this union we can deliver an unparalleled complete spectrum of services,” said Vaco founder and CEO Jerry Bostelman. “As with all things Vaco, our clients value the culture we bring as much as our capabilities. The chemistry we felt with the talented MorganFranklin team has only intensified with each conversation about how we will grow and serve together.”
As part of the acquisition, MorganFranklin Consulting will maintain its name, brand, and identity, MorganFranklin Consulting CEO and managing partner Chris Mann is going to continue to serve as CEO and managing partner of MorganFranklin and will work closely with Bostelman.
“What has always set MorganFranklin apart is the passion, experience, and collaboration that our people bring to helping solve complex transformational challenges for our clients,” added Mann. “As Vaco’s consulting platform, we become part of a global professional services organization enabling increased scale to serve our clients, support our people and accelerate our growth as a premier global consulting brand. We are excited about the opportunity to offer current and future MorganFranklin and Vaco clients seamless access to an end-to-end professional services solution.”
Vaco is a portfolio company of Olympus Partners. And the transaction closed on July 31, 2019.
Jefferies LLC served as the financial advisor to MorganFranklin while Winston & Strawn served as the primary legal advisor to MorganFranklin. And Kirkland & Ellis served as legal advisor to Olympus Partners and Vaco.
Trending on Pulse 2.0
- Rimeto: This Impressive Company Is Building People-Centric Tools For The Enterprise
- Why BC Partners Is Buying Presidio For $2.1 Billion
- Ian Chiang Joins Flare Capital As A Principal
- Former Twitter Execs Dick Costolo And Adam Bain Are Setting Up A $200 Million Fund
- Banking Platform Built For Freelancers Joust Labs Secures $2.6 Million