Bowstring Advises Vaco in its Recapitalization with Olympus Partners
November 13, 2017 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as financial advisor to Vaco, a leading executive search, consulting, placement, and strategic staffing firm based in Nashville, Tenn., in its majority recapitalization with Stamford, Conn., private equity firm Olympus Partners (“Olympus”).
Founded in 2002 by Jerry Bostelman, Jay Hollomon, and Brian Waller, Vaco partnered with its first private equity partner, Quad-C Management, Inc. (“Quad-C”), where Bowstring served as the exclusive financial advisor in 2014. Since that time, Vaco completed seven acquisitions during Quad-C’s ownership that significantly expanded its retained search practice, widened its breadth of services in healthcare IT, and added new geographies domestically and internationally, including Canada and India.
“Vaco is exceedingly appreciative of Quad-C’s contributions over our incredibly fruitful three-year partnership,” said Vaco Founder and CEO Jerry Bostelman. “Olympus brings that same fresh perspective and collaborative approach. Their contribution will be invaluable as we explore how to more cohesively deliver our complete solutions to clients, expand our service lines and geographies throughout the globe, and institutionalize the essence of Vaco to ensure its eternal viability.”
“In a relatively short period of time, we made significant investments in the Company and were able to roughly double Vaco’s revenues, while diversifying the Company’s end markets,” said Timothy Billings, Partner at Quad-C. “Vaco has an exceptionally strong culture and leadership team and we wish the Company continued success during its next stage of growth.” Jim Childs, CEO at Bowstring, remarked, “We’ve enjoyed tracking Vaco’s success over the years and have been privileged to advise them on their initial recapitalization with Quad-C and as one of their advisors on this most recent transaction with Olympus. We believe this partnership will position them for continued success.”
Olympus brings that same fresh perspective and collaborative approach. Their contribution will be invaluable as we explore how to more cohesively deliver our complete solutions to clients, expand our service lines and geographies throughout the globe, and institutionalize the essence of Vaco to ensure its eternal viability.
Founder and CEO