Korn Ferry to acquire executive development firm, Pivot Leadership
The transaction, which is subject to customary closing conditions, is expected to close March 1, 2015.
Pivot Leadership helps companies to implement their strategies and growth plans as well as their leadership development initiatives. The firm has deep expertise in providing customized experiences and immersion solutions to senior executives around the world.
Pivot Leadership, which will be part of Korn Ferry’s Leadership and Talent Consulting segment, will enhance the firm’s ability to transform companies by working with CEOs and leadership teams to activate and accelerate their strategy through people.
“We’re excited about Pivot Leadership joining Korn Ferry,” said Gary D. Burnison, CEO of Korn Ferry. “Pivot Leadership’s world class executive learning capabilities, when coupled with Korn Ferry’s vast and proven talent management offerings, will offer an unrivaled ability to integrate a client’s talent strategy with their business strategy. This acquisition will also add valuable talent to our Leadership and Talent Consulting segment, as we continue our efforts to scale the business.”
“Our clients increasingly demand a partner with an integrated approach to talent management in order to grow and compete in an evolving market,” said David Dotlich, Chairman and CEO of Pivot Leadership. “In combination with Korn Ferry’s capabilities, we will help clients drive transformation with deep industry experience that no academic approach to development can replicate.”
Terms of the deal were not disclosed. The acquisition is expected to be moderately accretive to earnings in the first year of Korn Ferry ownership.