Bowstring Advises CVPartners in its Acquisition by Addison Group
September 5, 2014 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to CVPartners, Inc. (“CVPartners”), in its recent acquisition by Addison Group (“Addison”).
CVPartners is a leading provider of contract and executive search services to companies across the Finance and Accounting, Information Technology and Human Resources job functions, enhancing Addison’s existing practices in those areas across the country. The acquisition of CVPartners aligns with Addison’s growth strategy to build out its market share on a national scale through organic expansion and the acquisition of high-growth, high-margin firms with complementary services.
“We are thrilled to combine forces with CVPartners and excited about the opportunity to expand our Finance and Accounting, IT and HR practices into the West Coast,” said Thomas Moran, CEO of Addison Group. “CVPartners’ expertise in the region is a natural step forward in Addison’s continued development as a leading coast-to-coast professional staffing firm. CVPartners’ business model, philosophy and procedures are in line with our vision, and we look forward to our future together.”
“We are excited to team up with Addison, a top recruiting and staffing firm with vast reach and deep industry experience, to expand the scope of our high-end consulting services across the country,” said CVPartners in a statement. “We look forward to bringing our expertise in Finance, Accounting, Information Technology and Human Resources staffing to Addison as we work together to deliver the highest level of client service.”
Dave Phillips, Managing Director at Bowstring Advisors, commented, “We were delighted to work with the management team of CVPartners as they evaluated partnership opportunities. CVPartners’ culture and service offerings align nicely with Addison. The two companies’ strong reputation and track record of growth make the combined organizations one of the premier providers of professional staffing solutions nationwide.”
CVPartners’ acquisition by Addison was effective August 15, 2014. CVPartners will continue to maintain its offices in San Francisco, Mountain View, Seattle, and Bellevue. The Company’s founders and team will retain their roles within the expanded organization. Terms of the transaction were not disclosed.
We were delighted to work with the management team of CVPartners as they evaluated partnership opportunities. CVPartners’ culture and service offerings align nicely with Addison. The two companies’ strong reputation and track record of growth make the combined organizations one of the premier providers of professional staffing solutions nationwide.