Salveson Stetson Group, a multi-specialty retained executive search firm that was recently named one of America’s top executive recruiting firms by Forbes, announced today that it has signed a letter of intent to be acquired by Management Partners Inc. (MPI), the parent company of Furst Group and a human capital consulting company based in Rockford, Ill. Following the transaction, which is expected to close by year-end, the firm will continue to operate as SSG under the leadership of co-founders Sally Stetson and John Salveson, who will also take on additional executive responsibilities for MPI.
Salveson Stetson Group will join the MPI family of companies, which includes Furst Group, ranked by Modern Healthcare as one of the nation’s top 10 healthcare search firms, and NuBrick Partners, MPI’s leadership consulting company. Together, the three firms will offer clients a wide range of executive search, assessment and leadership solutions.
Furst Group and Salveson Stetson Group are both members of IIC Partners, one of the top 10 retained executive search groups in the world with 54 offices in 36 countries.
“We are thrilled to be welcoming the Salveson Stetson Group team to the MPI family,” said Bob Clarke, CEO, and Sherrie Barch, President, of MPI. “The firm’s reputation and culture provide a perfect complement to ours. While there is obvious synergy for the work of both firms in healthcare and life sciences, this unlocks many new opportunities and industries for all of us. We envision a future that is much greater than the sum of our parts.”
“When we met MPI’s Bob Clarke and Sherrie Barch as new members of IIC Partners, we knew immediately that they were exceptional leaders and business people,” said Stetson. “We realized that joining forces would strengthen both of our firms, drive new business growth and expand our reach and capabilities.”
“By joining with MPI, Salveson Stetson Group becomes a much richer resource to our clients,” said Salveson. “We are excited to have the opportunity to offer our clients a broader set of talent and leadership development solutions through adding NuBrick Partners’ and Furst Group’s capabilities to our portfolio of services.”
IIC Partners’ Executive Director Christine Hayward cheered the move. “This demonstrates the true partnership and compatibility that our member firms enjoy,” she said. “I’m proud that IIC Partners is helping our members innovate and grow strategically in a rapidly changing marketplace.”