Addison Group, which is backed by Odyssey Investment Partners, has acquired New York City-based Mondo, a professional staffing firm focused on information technology and digital marketing. No financial terms were disclosed.
Addison Group, a leading professional services firm, announced today the acquisition of Mondo, a New York City-based professional staffing firm specializing in information technology and digital marketing.
The acquisition complements Addison Group’s existing information technology business across the US, with the addition of a digital marketing vertical, putting Addison at the forefront of the ongoing digital transformation to deliver value to its customers. The transaction is aligned with Addison Group’s strategy to broaden its national service offerings through organic growth and the acquisition of flourishing, high-margin, specialized firms with strong client relationships and a complimentary business approach.
Mondo’s geographic footprint and technology focus will allow Addison Group to strengthen its presence in ten locations across the country, while entering two new markets, Atlanta and Los Angeles. This increased market share coupled with the addition of digital marketing solidifies the organization’s status as a leader in the human capital market.
“The opportunity to leverage Addison Group’s proven performance and high-caliber information technology staffing teams across the country while expanding to LA and Atlanta was an extremely attractive one, and we are excited to expand our portfolio of services with the addition of digital marketing,” said Thomas Moran, CEO of Addison Group. “This partnership will allow us to utilize our combined strengths to continue to bring the highest level of service to our shared client base, while also presenting new opportunities to expand the Addison Group brand. More importantly, Mondo fits our people-first, process-second culture. We are committed to the continued acquisition of organizations who place the same level of value on company culture and investment in internal employees.”
“We are thrilled to partner with such a well-established firm and look forward to the opportunity to accelerate our growth strategy,” said Tim Johnson, CEO of Mondo. “Addison Group’s aggressive growth pattern as well as its commitment to the success of their internal employees will certainly lay the groundwork for what will be a successful partnership and create additional opportunities for our employees to grow professionally.”
Mondo will continue to operate within their current office spaces and retain executive operating leadership.
Bowstring Advisors acted as the advisor to Mondo.
About Addison Group
A leading professional services firm, Addison Group delivers the talent and knowledge companies need to achieve and sustain business growth. Addison Group offers a full suite of consulting solutions, staffing and recruiting capabilities, and executive search services – specializing across multiple sectors, including information technology, finance and accounting, healthcare, human resources, and administration.
With a growing network of companies, dozens of offices across the United States and deep relationships in regional and local markets, Addison Group provides industry-leading expertise with a national reach and a localized touch.
Since Addison’s first full year of operations the company has grown significantly and been recognized for its best-in-class service. Based solely on client and candidate feedback, Addison has made the Inavero’s Best of Staffing List for the past eight years. Addison Group was also named to Forbes’ Best Professional Recruiting Firms in 2017 and 2018, a list compiled through Forbes’ independent search in conjunction with analytics firm Statista.
As a leading national staffing agency specializing exclusively in high-end, niche IT, Tech, and Digital Marketing talent, Mondo provides the talent companies need to scale, grow, and innovate.
Mondo helps solve the most challenging talent gaps at midsize to enterprise-level companies, along with recently VC-funded startups facing mass hiring challenges and organizations facing urgent hiring needs. With thousands of placements across a variety of industries and 10 offices nationwide, Mondo has access to the latest market insights, hiring trends, and salary updates, made evident by their annual award-winning Salary Guide reports. Mondo was also named to Forbes’ Best Professional Recruiting Firms in 2017 and 2018, a list compiled through Forbes’ independent search in collaboration with analytics firm Statista.