Vaco acquires McLean-based MorganFranklin Consulting
Nashville, Tennessee-based staffing firm Vaco has acquired McLean-based MorganFranklin Consulting, a finance and technology advisory firm.
Financial details about the deal were not disclosed.
Vaco says the addition of MorganFranklin will create a combined $750 million professional services firm involved in executive search, consulting, strategic staffing and permanent placement solutions.
“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,” Jerry Bostelman, founder and CEO of Vaco, said in a statement. “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 and brand. Chris Mann will continue to serve as CEO and managing partner of MorganFranklin.
Vaco is a portfolio company of Olympus Partners. The transaction closed on July 31.
Kirkland & Ellis served as legal advisor to Olympus Partners and Vaco.