Addison Group expands to West Coast Via Acquisition of CVPartners
Staffing Firm Enhances Expertise Across Finance & Accounting, Information Technology and Human Resources Service Segments
CHICAGO, IL – September 2, 2014 – Addison Group (“Addison”), a leading provider of professional staffing services, today announced an expansion into the West Coast through the acquisition of CVPartners, Inc. (“CVPartners”), a staffing firm with offices in the San Francisco and Seattle markets. Terms of the transaction were not disclosed.
CVPartners delivers contract and executive search services to companies across the Finance & Accounting, Information Technology and Human Resources job functions, enhancing Addison’s existing practices in those areas across the country. The purchase of CVPartners aligns with Addison’s growth strategy to build out its market share on a national scale through organic expansion and the acquisition of high-growth, high margin firms with complementary services.
“We are thrilled to combine forces with CVPartners and excited about the opportunity to expand our Finance & Accounting, IT and HR practices into the West Coast,” said Thomas Moran, CEO of Addison Group. “CVPartners’ expertise in the region is a natural step forward in Addison’s continued development as a leading coast-to-coast professional staffing firm. CVPartners’ business model, philosophy and procedures are in line with our vision and we look forward to our future together.”
“We are excited to team up with Addison, a top recruiting and staffing firm with vast reach and deep industry experience, to expand the scope of our high-end consulting services across the country,” said the Founders of CVPartners. “We look forward to bringing our expertise in Finance, Accounting, IT and HR staffing to Addison as we work together to deliver the highest level of client service.”
CVPartners will continue to maintain its offices in San Francisco, Mountain View, Seattle, and Bellevue. The company’s founders and team will retain their roles within the expanded organization.
Addison Group is a portfolio company of Trilantic Capital Partners, an international private equity firm.
CVPartners is a premier provider of professional staffing and recruiting services specializing in contract, consulting, and executive search solutions for emerging growth and Fortune 500 companies. Since inception in 2001, CVPartners has become a market leader for staffing in the Finance & Accounting, Information Technology, and Human Resources sectors. CVPartners services the San Francisco and Seattle markets with additional staffing capabilities nationwide. Over the years, CVPartners has received numerous awards ranging from the #1 Executive Recruitment Firm by Washington CEO Magazine and being recognized in the list of #1 Best Places to Work by the San Francisco Business Times to being one of the Fastest Growing Companies in America by Inc. Magazine. Learn more at www.cvpartnersinc.com