PE-backed Addison Group buys staffing firm HireStrategy

Addison Group, a portfolio company of Trilantic Capital Partners, said Monday that it has acquired HireStrategy. No financial terms were disclosed. Based in Reston, Virginia, HireStrategy is a professional staffing firm.

PRESS RELEASE

CHICAGO – April 21, 2014 – Addison Group, a leading provider of professional staffing services, today announced an expansion into the mid-Atlantic region through the acquisition of HireStrategy, a full-service professional staffing firm based in Reston, Virginia. Terms of the transaction were not disclosed.
Addison Group and HireStrategy each deliver contract, contract-to-hire and executive search services to companies across information technology, finance and accounting, human resources and administrative job functions. The partnership aligns with Addison Group’s strategy to build out its national service footprint through organic expansion and the acquisition of high-growth, high-margin firms with complementary business offerings.
HireStrategy has grown consistently since it was founded in 2000. A leader within the Washington, D.C. market, HireStrategy offers both direct hire and contract opportunities within some of the area’s largest and leading employers, as well as start-up and emerging growth companies. HireStrategy’s diverse portfolio of clients includes local companies in the technology and media, financial services, professional services, energy and green technology, and education sectors, as well as non-profit organizations. HireStrategy’s experienced staff of over 100 internal employees is dedicated to five core practice areas – Technology, Finance & Accounting, Sales & Marketing, Recruiting & HR and Administrative.
“HireStrategy, a local market leader, will bring invaluable experience and influence to the Addison Group brand,” said Thomas Moran, CEO of Addison Group. “Its expertise in the mid-Atlantic region and the Washington, D.C. market, along with an excellent management team, make this partnership an obvious choice. I am excited about what the future holds for both Addison and HireStrategy.”
“We are thrilled that Addison Group has chosen to partner with HireStrategy,” said Paul Villella, Co-founder, President and CEO of HireStrategy. “We look forward to leveraging our industry leading consultative approach over a larger platform to increase our market reach in the Mid-Atlantic region and across the East Coast.” HireStrategy maintains offices in Reston, Virginia and Washington, D.C. Paul Villella will retain his CEO role within the expanded organization.
HireStrategy has been ranked the No. 1 staffing firm in the Washington, D.C. area, honored by Inc. magazine as one of the 500 fastest-growing firms in the country and named a “Future 50″ firm by Washington SmartCEO magazine. The firm has also been recognized as a “Great Place to Work” by the Washington Business Journal, as well as a “Best Place to Work” by Washingtonian magazine.
Addison Group is a portfolio company of Trilantic Capital Partners, an international private equity firm.
About Addison Group
Addison Group is a leading provider of professional staffing and search services. Bringing the best to the best, Addison combines a national network and localized service for broad reach with a personal touch. Specialized practices deliver the right candidate at the right time in Information Technology, Finance & Accounting, Healthcare and Administration. Addison’s strengths are its strong management and executive teams, a relationship‐focused selling strategy, a history with long-standing clients, and a loyal candidate base.
About HireStrategy
HireStrategy provides contract staffing services, direct hire search, and executive search solutions in the technology, finance & accounting, sales & marketing, human resources and administrative professions. HireStrategy, an Inc. 5000 company, has been ranked by The Washington Business Journal as the top staffing firm in the Washington DC region, and recognized by Washingtonian Magazine as one of Washington’s “Great Places to Work.”

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