Quad-C Management, Inc., a middle market private equity firm, has completed the sale of its stake in portfolio company Vaco, a Nashville, Tennessee-based executive search, consulting, placement and strategic staffing firm.
Olympus Partners and management were the acquirers in the deal.
The terms of the transaction were not disclosed.
Founded in 2002 by CEO Jerry Bostelman, Vaco provides boutique-level service with a global reach in the areas of executive search, consulting, permanent placement and strategic staffing. Areas of focus include accounting, finance, technology, healthcare IT, operations, administration and international managed services. It operates more than 35 offices worldwide, with more than 780 employees and 4,300 consultants.
Quad-C invested in the company in 2014 in partnership with its management team. Since then, Vaco has experienced significant growth through extending core business lines and entering new markets. Vaco completed seven acquisitions during Quad-C’s ownership which expanded Vaco’s service offerings into healthcare IT and extended its geographic footprint domestically, as well as into Canada and India.