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ZRG Partners Completes Capital Raise to Fuel Continued Growth

February 10, 2015, 07:00 AM
Filed Under: Industry News

ZRG Partners, a fast growing global leader in executive search and talent management, has announced completing a significant capital raise with Northcreek Mezzanine to fuel continued growth. The investment includes preferred stock, common stock and subordinated debt.  The new capital raised will allow the firm to continue the growth strategy to pursue additional strategic acquisitions that fit the long term plans for ZRG as well as attracting top billers from the retained search industry.

ZRG Partners has posted a five year 26.5% CAGR and for 2014,  added another successful year with 30% year over year revenue growth. The company also completed a successful acquisition and integration of New Directions Search, a 30 year old retained search business in Wheaton, IL. 

Larry Hartmann, CEO of ZRG Partners,  commented,  “The time is right to accelerate our pace of growth. We believe the best solution for clients is a mid-sized global firm, that has the resources to support clients around the world, yet does not have the client conflict issues that make working with the legacy retained firms less than ideal.   The market’s reaction to our data and analytics value proposition confirms we are right and will continue to invest in and hire the best and brightest to join our team and service our market niches”.   

Rodger Davis, Managing Partner, of Northcreek Mezzanine related, “We focus on growth companies with great management teams and platforms that can scale and grow with a capital infusion. We felt ZRG’s data and analytics approach to hiring is disruptive and will drive continued growth in the business. We are excited to add them to our portfolio of investments”.

ZRG Partners is a global executive search and human capital management firm founded on the principle that good information and process excellence are the cornerstones of any human capital decision.  Last year, ZRG Partners completed searches in 33 Countries.  ZRG operates globally with offices in the U.S., Europe and Asia Pacific.   

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