Olympus Lands Top Recruit with Purchase of Vaco

STAMFORD, Conn., Nov. 12, 2017 /PRNewswire/ -- Stamford, Conn.-based private equity firm Olympus Partners has acquired Vaco, a leading executive search, consulting, and placement firm that delivers people driven solutions from the C-suite to customer service operations.

Founded by Jerry Bostelman, Jay Hollomon, and Brian Waller in 2002, Vaco matches the strongest accounting, finance, technology, healthcare IT and administrative professionals with the unique project and permanent needs of its clients. Based in Nashville, Tenn., Vaco has more than 780 employees and 4,300 consultants across 35 offices around the globe.

"We are beyond ecstatic to partner with Olympus," said Vaco Founder and CEO Jerry Bostelman. "Their contribution will be invaluable as we explore how to more cohesively deliver our complete solutions to clients, expand our service lines and geographies throughout the globe and institutionalize the essence of Vaco to ensure its eternal viability."

Jason Miller, a Partner at Olympus, remarked that, "Jerry, Jay, Brian, and the rest of the Vaco team have built a remarkable entrepreneurial culture that has led to impressive growth across multiple industries and geographies. We look forward to working with them to continue that success."

Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including business services, restaurants, consumer products, healthcare services, financial services, and packaging.

Olympus manages in excess of $5.5 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. The acquisition of Vaco marks Olympus' ninth investment out of its $2.3 billion sixth fund.

The Olympus team included Jim Conroy, Jason Miller, Griffin Barstis, and Bohdan Tyshynsky. Olympus was represented by Benjamin Clinger and Matthew Goulding from Kirkland & Ellis LLP.

SOURCE Olympus Partners