ZRG, a Rochelle Park-based executive and professional search firm, announced Wednesday it has agreed to acquire Holker Watkin, a London-based executive search firm.
Holker Watkin, ZRG said, will operate as a ZRG company, focusing on supporting client needs for senior-level professionals on a retained and interim project basis. The deal will add $11 million of annual revenues to ZRG and bolster its presence in Europe, ZRG said.
“Holker Watkin has built a sector leading brand and a stellar track record working with top tier consulting professionals with strategy and transformation experience. The business has been successfully partnering with private equity firms and global multinationals in the search of high-level strategy and transformation talent for senior-level roles and interim assignments. Combining their expertise with the extensive work ZRG is currently performing with private equity-backed portfolio companies recruiting CEOs, CFOs and senior leaders create synergies while complementing our current strategy recruiting function. We are looking forward to continued growth as one integrated firm in the coming years,” ZRG CEO Larry Hartmann said.
Justin Holker, Holker Watkin founder and president, will continue in his role leading the business as a ZRG company.
“This is the ideal next chapter for our firm. The ability to now expand our offerings globally and broaden our talent solutions working side by side with the ZRG team will allow us to partner at a deeper level with our clients. A big attraction to the Holker Watkin team is ZRG’s data-driven, tech-enabled search process which is right out of the Big Three strategy firms’ playbook, enhancing our services in a way that will resonate with our clients. We look forward to continuing to grow our business globally but also expanding our relationships with our ZRG colleagues, who do significant executive search work at the most senior levels,” Holker said.
Financial terms were not disclosed.
