CTPartners Executive confirms acquisition
On April 29, 2014, the Company announced it had signed a Letter of Intent to acquire Park Brown’s Perth, Australia office. Following the close of the transaction, Park Brown International’s four consultants in the Perth office will increase the Company’s Australian consultants to 11, making CTPartners the fifth largest search business in Australia.
Earlier this year, CTPartners acquired Johnson Executive Search, the leading independent executive search firm based in Sydney, Australia. With the acquisition of Park Brown’s Perth office, the Company continues to build a strong presence in the Australian executive search market which supports the strategy of providing global capabilities to its clients.
Brian Sullivan, CEO of CTPartners said, “Park Brown in Perth is known as the leading Industrial executive search firm in its sector, dominating the Asia Pacific region. The acquisition reflects our growth strategies of bringing aboard expert consultants in key business sectors as well as expanding our global footprint in Asia. Since signing the LOI in April 2014, we have been working with the four partners of Park Brown to strengthen our Industrial sector expertise and complement our existing global natural resources capabilities.”