Daily News: January 25, 2017

Deloitte Advises Execu|Search Group On New Heritage Recap

Deloitte Corporate Finance acted as the exclusive financial advisor to the Execu|Search Group, a provider of recruitment, temporary staffing and workforce management solutions, in its recapitalization with New Heritage Capital. The recapitalization closed October 5, 2016.

Headquartered in New York City, Execu|Search services 11 practice areas with particular expertise in health care, accounting, financial services and information technology.

“Deloitte Corporate Finance provided exceptional support throughout the transaction process and brought together a diverse universe of investors and potential acquirors in a very competitive process,” said Edward Fleischman, chairman and chief executive of The Execu|Search Group. “The team was critical in assisting Execu|Search with strategic positioning to support negotiations and facilitating a comprehensive due diligence process. We couldn’t be happier with the outcome.”

“Execu|Search is led by founders with a powerful vision to grow the company into a comprehensive, nationwide provider of staffing services,” said Phil Colaco, managing director, Deloitte Corporate Finance. “Heritage brings significant experience and resources that Execu|Search can leverage to help accelerate its growth.”

New Heritage Capital is a Boston-based private equity firm with a 20-year history of partnering with growing, middle market, founder-owned businesses.