Lucas Group’s acquisition by Orchard begins a new chapter in our story – one that centers on excellence, growth and long-term value.
Atlanta, GA (PRWEB) October 02, 2013
Lucas Group, North America’s premier executive search firm, has been purchased by private investment firm Orchard Holdings Group. Orchard acquired the 43 year-old recruitment firm from H.I.G. Capital, a private investment firm that purchased Lucas Group in 2007. Lucas Group’s demonstrated management team, strong financial performance, distinguished brand, strategic vision and positioning for future growth align with Orchard’s long-term business approach and were significant considerations during the investment process.
“Orchard’s primary objective is to partner with exceptional management teams and build durable, successful businesses. Lucas Group represents exactly that kind of opportunity,” said Pete Boylan, Co-Founder and Managing Director of Orchard Holdings. “Under its current leadership and strategy, Lucas Group has the capacity to continue to expand its business and gain market share in the outsourced human resources services industry. We are excited about our new partnership with this impressive team.”
“Lucas Group’s acquisition by Orchard begins a new chapter in our story – one that centers on excellence, growth and long-term value,” said Andi Jennings, President and CEO of Lucas Group. “When I took over as CEO five years ago, we embraced a vision and strategy to deliver exceptional recruitment services to every client and every candidate, in every opportunity.
“Orchard truly reflects our shared approach to business,” Jennings continued. “A high-integrity investment group, they will provide the financial foundation for Lucas Group’s enduring success with honesty, responsibility and a genuine commitment to partnership. We are thrilled to embark on this exciting journey with Orchard.”
Independent investment banking firm Livingstone Partners served as financial advisor to Lucas Group during the process. Ryan Buckley, Vice President of Livingstone commented, “Orchard’s purchase of Lucas Group presents notable opportunities for both firms. Each company is led by a demonstrated, dedicated leadership team and Orchard’s investment will help Lucas Group build the bridge from a great past to an even stronger future.”
Focused on mid-management recruiting and Military professional placement, Lucas Group serves the SMB, mid-tier and Fortune 500 markets with the insight and collaboration of more than 325 recruitment associates. With 14 offices across the United States, Lucas Group delivers search and placement results for clients in all major functionalities, including Accounting and Finance, Human Resources, Information Technology, Sales and Marketing, Legal, and Manufacturing Management. In addition, the firm’s Military Transition team helps companies hire skilled, proven professionals who are transitioning from the U.S. Military into civilian business careers.
About Lucas Group
Lucas Group is North America's premier executive search firm. Since 1970, our culture and methodologies have driven superior results. We assist mid-tier to Fortune 500 Clients find transcendent, executive talent; Candidates fully realize their career ambitions; and Associates find professional success. To learn more, please visit Lucas Group at http://www.lucasgroup.com and connect with us on LinkedIn, Facebook and Twitter.
About Orchard Holdings
Orchard Holdings Group® is a private investment firm that invests non-institutional, private, family capital in businesses with the potential to create substantial long-term value. Our principal objective is to partner with exceptional management teams to build great businesses. Our approach is to identify situations that are well-served by an investment partner who is aligned with the goal of maximizing whole-dollar value, without the short term considerations of institutional private equity funds. We provide an important alternative to companies and executives that want the flexibility to build great companies over time and are in search of committed partners.
About Livingstone Partners
Livingstone is a leading independent, international investment banking firm focused on M&A, capital raising and special situations transactions with values up to $500 million. Across five principal offices in the U.S., Europe and Asia, Livingstone’s 70 corporate finance professionals specialize in six key global sectors: Business Services, Consumer, Environmental Services, Healthcare, Industrial, and media:tech. Since 2007, Livingstone has completed over 200 transactions totaling $10+ billion in value.
About H.I.G. Capital
H.I.G. Capital is a leading global private investment firm with over $13 billion of capital under management. The H.I.G. family of funds includes private equity, growth equity, real estate, debt/credit, lending and life sciences. We invest in companies throughout the U.S. and Europe and have offices in Miami, Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in the U.S., and affiliate offices in London, Hamburg, Madrid and Paris in Europe as well as Rio de Janeiro in South America.