Principals of Griffin Advise Infinity Consulting Solutions
Infinity Consulting Solutions (“ICS” or “The Company”), headquartered in New York City, is a full-service recruiting and staffing agency that focuses on providing clients with expert temporary and permanent placement of IT, compliance and legal, accounting and finance, as well as HR and administrative personnel. Infinity has offices in nine cities throughout the United States and has a client list that is reflective of some of the most well-known and respected companies in the world. Over its 20-plus year history, ICS has grown to become one of the most well-respected names in the temporary staffing industry.
After starting ICS in a room with a laptop and a phone, Doug Klares (the founder of Infinity), along with Managing Partners Matt Walden and Matt Pfennig, recognized the need to find a partner that would allow ICS to continue its dynamic growth while simultaneously providing liquidity and diversification for himself and the other ICS shareholders. The shareholders of ICS were less concerned with whether the partner was strategic or financial in nature, and instead focused on who might be the best fit for their employees, customers and overall organization.
ICS engaged in a dialogue with principals of Griffin years before the transaction consummated to help them explore options and develop a go-to-market strategy and positioning that would serve to maximize not only the value of ICS, but also create numerous options for the company regarding its partnership strategy. After a very robust marketing process that included both strategic and financial parties, Korn Ferry emerged as the partner of choice. Korn Ferry is widely recognized as global leader in organizational consulting and human capital management. Doug and the rest of the ICS team will continue their roles at Korn Ferry helping to drive ICS to new heights.
For more information on this transaction, contact Todd McMahon, Senior Managing Director, at 781.733.2292.