August 2, 2022 – Top C-suite talent management and recruitment experts agree that interim leaders are likely to play an important and growing role in promoting high-level positions in a post-pandemic era, where costs and efficiency underlie the hiring of executives. Korn ferry acquired Infinity Consulting Solutions (ICS). The terms of the contract are not disclosed. The acquisition should be immediately accretive to Korn Ferry’s adjusted earnings. “Infinity Consulting Solutions will be a perfect fit, with interim work placement offerings and highly relevant expertise for the new world of work,” said Gary D. Burnison, CEO of Korn Ferry. “Today, baby boomers are retiring and career nomads are looking for change – early and often. Our customers have entered a new reality where skill shortages are expected to persist, especially in high-demand areas such as IT Korn Ferry’s acquisition of ICS echoes our commitment to evolve our solutions and focus more on the intersection of talent and strategy – where and how needs organizations evolve.
Headquartered in New York, with nine offices across the United States, ICS offers interim business solutions expertise that will further strengthen Korn Ferry’s portfolio. ICS is a provider of high-level IT transition business solutions with additional expertise in compliance and legal, accounting and finance, and human resources.
The company brings Korn Ferry an extensive network of senior IT professionals, a data-driven recruiting process, and deep relationships with a diverse array of customers across multiple industries. ICS has also received the Best of Staffing Diamond award for 10 consecutive years.
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“Now, with Korn Ferry, we will have a global network of world-class colleagues, extensive IP and customer connections at every turn. Our successful track record and deep expertise in interim business solutions, combined with Korn Ferry’s extensive organizational consulting credentials, will give us even more opportunities to impact clients and colleagues,” said Doug Klares, CEO of Infinity Consulting Solutions. “We are delighted to join Korn Ferry and look forward to what the future holds.”
Boost interim solutions
Korn Ferry recently acquired interim executive solutions provider Patina Solutions Group. “This combination presents a real and tangible opportunity for Korn Ferry and our customers to seek the right talent, who are highly agile, with specialized skills and expertise, to help them drive superior performance, including on an interim basis. “said Mr. Burnison. “Patina offers ideal solutions for today’s mobile workforce.”
Korn Ferry acquires the Lucas Group
Korn Ferry recently acquired the Lucas Group. The addition of Lucas Group to Korn Ferry’s broader talent acquisition portfolio – spanning executive search, recruitment process outsourcing and professional search – should accelerate Korn Ferry’s ability to capture additional share of the professional research and contract market. Founded in 1970 and based in Atlanta, Lucas Group is a professional search and contract recruitment firm, targeting middle market companies. The main areas of interest cover specializations such as accounting and finance, human resources, information technology, legal, military transition, sales and marketing, as well as supply chain and operations. “This transaction targets the highly fragmented professional search and contract recruitment market,” said Scott A. Scanlon, CEO of Hunt Scanlon Ventures.
“This combination is the right move at the right time,” said Gary D. Burnison, CEO of Korn Ferry. “Today’s work landscape is changing before our eyes – people working anywhere, anytime, anywhere. Professionals are on the move, baby boomers are retiring, and career nomads are looking for change – early and often. We are taking this opportunity to help our clients find the right talent who are highly agile with specialized skills and expertise to help them drive superior performance,” added Mr. Burnison.
Patina brings Korn Ferry expertise in interim management solutions across multiple industry verticals. Patina’s network of senior executives and professional interim talent spans functional areas of expertise including finance, operations, legal, human resources and IT.
“As part of Korn Ferry, Patina will have even more exciting solutions to offer its customers,” said Patina CEO Mike Harris. “Korn Ferry is a leading global organization consulting firm with world-class solutions and we look forward to further strengthening our interim executive solutions with them. We are delighted to join Korn Ferry and excited about the opportunities ahead.
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Contributed by Scott A. Scanlon, Editor; Dale M. Zupsansky, editor; and Stephen Sawicki, Editor – Hunt Scanlon Media