Pinstripe, Inc. and Ochre House Combine
Pinstripe, Inc. and Ochre House Combine
Pinstripe, Inc., the leading pure-play Recruitment Process Outsourcing (RPO) provider, today announced that it has joined forces with UK-based Ochre House to form the largest independent provider of global RPO and strategic talent management solutions. Financial investments from both leadership teams and leading technology-focused private equity firm Accel-KKR, enabled the transaction.
Pinstripe and Ochre House’s combined global presence includes 767 employees, serving 88 clients in 43 countries around the world. This footprint includes Ochre House’s 2012 acquisition of two leading strategic resourcing firms in the Middle East and North Africa, TAAHEED and Carmichael Fisher.
“Both Pinstripe and Ochre House are known for creating transformational talent solutions, which led us to become strategic partners in 2009. Today’s announcement brings together the best and most experienced talent available to break new ground for our clients and the industry,” said Sue Marks, chief executive officer of the combined organization. “Together, we are creating an organization with global reach, a greater breadth of strategic solutions, technology-enabled services and a shared approach to unsurpassed customer care and responsiveness.”
Attracting and retaining business critical talent is a significant challenge facing many multinational companies as they operate and expand in different parts of the world. The integration of Ochre House’s global network with Pinstripe’s industry-leading services is a clear answer to the growing demand for a single, dedicated provider of end-to-end talent solutions worldwide.
“Pinstripe and Ochre House’s combined strength will become the new benchmark for global RPO and talent management solutions,” said Chris Herrmannsen, executive vice president for the combined organization. “We intend to further expand our footprint into emerging markets and provide our clients with a powerful, unified solution for navigating today’s increasingly competitive talent marketplace.”
“By bringing Pinstripe and Ochre House together, clients gain deeper access to our greatest asset, our locally-based talent experts across the globe,” said Sue Brooks, executive vice president for the combined organization. “In addition, it opens the door to new growth opportunities for our employees.”
“This move further enables our vision to bring best-in-class talent and executive search solutions to a worldwide client base. We look forward to providing our clients with the additional services needed to achieve competitive advantage through talent,” said Craig Pointon, executive vice president for the combined organization.
The transaction was completed through backing from Pinstripe’s strategic equity partner, Accel-KKR, with the integrated executive management team maintaining a significant financial stake in the new organization.
“Accel-KKR’s support in bringing together Pinstripe and Ochre House underscores our belief in the power of these two industry leaders and the growth potential we see for multi-country RPO service delivery,” said Greg Williams, managing director at Accel-KKR. “Both Pinstripe and Ochre House embody characteristics that our firm looks for: a top management team, proven global leadership, a world-class client base and exceptional technology platforms and together they are poised to quickly redefine the global talent acquisition and management industry.”
Pinstripe and Ochre House’s success has been recognized industry-wide. Pinstripe was ranked as a “10 Best” RPO Provider by HR Executive and the Outsourcing Institute and was identified as a 2013 RPO Leader & Star Performer in the Everest Group PEAK Matrix. Pinstripe also received the 2012 & 2013 North American Recruitment Customer Relationship of the Year awards from the Human Resources Outsourcing Association. Both Pinstripe and Ochre House have been repeatedly ranked on HRO Today magazine’s “Baker’s Dozen” lists of top RPO providers and Ochre House was recognized as one of the top four organizations with the most experience in multi-region RPO in the 2013 Everest Group PEAK report.
The terms of the acquisition and plans for integration were not disclosed. The four companies, Pinstripe, Ochre House, Carmichael Fisher and TAAHEED, will continue to operate independently in the regions they currently serve, with integration viewed as a future state.