ZRG Partners, a Rochelle Park, NJ-based global executive search firm, completed a recapitalization with RFE Investment Partners, a lower middle market private equity firm.
The amount of the deal, which saw ZRG’s current capital partner, Northcreek Mezzanine, exiting the investment after four years, was not disclosed.
Led by CEO Larry Hartmann, ZRG is a progressive mid-sized global executive search firm that uses a proven, data-driven approach to allow to recruit top talent around the world.
THE PRESS RELEASE
ZRG Partners Secures New Capital to Accelerate Growth and Expansion
December 17, 2018 04:00 PM Eastern Standard Time
ROCHELLE PARK, N.J.–(BUSINESS WIRE)–ZRG Partners, one of the fastest growing global executive search firms, announced today that it has completed a recapitalization with RFE Investment Partners, a lower middle market private equity firm with a 38 year history of investing in growth companies. ZRG’s current capital partner, Northcreek Mezzanine, is successfully exiting the investment after four years. During this period, ZRG has experienced a compound annual growth rate exceeding 38%.
ZRG CEO Larry Hartmann related, “We are excited about the next chapters of growth for ZRG as we continue our ascent to becoming an even more significant player in the global executive search market and broadening our offering to other areas of human capital services. Our data driven approach and our commitment to delivering seamless services around the globe with our highly collaborative team have been pillars in our growth strategy. We are looking forward to continuing our expansion with an investor that has significant capital to support our proven core growth strategy in tandem with looking at strategic acquisitions to broaden our talent offerings.”
Michael Rubel, Managing Director at RFE Investment Partners said, “We believe the human capital services market is ripe for disruption and fresh thinking. We are convinced that ZRG Partners is approaching the market with the right blend of experience, leadership and technology which clearly is resonating with clients who want to acquire top talent globally. We also believe that our firm is uniquely positioned to assist Larry and the ZRG team in expanding ZRG’s service offerings and helping fulfill their vision as a significant provider of human capital services through continued hiring, key acquisitions and add-on investments.“
New York City based investment bank JEGI represented ZRG Partners in this transaction. Berkowitz, Trager & Trager, LLC provided legal counsel to ZRG. Terms of the transaction were not disclosed.
About ZRG Partners
ZRG Partners is a progressive mid-sized global executive search firm that uses a proven, data-driven approach. For 19 years, clients have trusted ZRG Partners to recruit top talent around the world. ZRG Partners is recognized as one of the fastest growing executive search firms in the world driven by the firm’s client focused, results driven approach grounded in technology and innovation. Information on ZRG can be found at www.zrgpartners.com.
About RFE Investment Partners
With more than 35 years of experience successfully investing in growth companies and partnering with strong management teams in the lower middle market, RFE Investment Partners makes investments in businesses with initial enterprise values of $20 million to $100 million. Information on RFE can be found at www.rfeip.com.
About The Jordan, Edmiston Group, Inc. (JEGI)
JEGI, New York, NY is the leading provider of independent investment banking services for media, information, marketing services and related technologies. Since 1987, JEGI has completed nearly 650 high‐profile M&A transactions for global and emerging companies; entrepreneurial owners; and private equity and venture capital funds. For more information, visit www.jegi.com.