CTR Group, a staffing provider based in Newport News, Virginia, announced last week that it acquired RM Nephew & Associates LLC, an executive search firm headquartered in Boston.
Minority partners in the investment include BAG LLC, a family-owned private investor, and Luis Landinez, who formerly held positions at General Motors and Heineken, CTR Group reported.
“We look forward to our expansion into the executive search arena,” CTR founder and CEO Arnold Boyd said. “I see this acquisition as the ideal way for CTR to phase seamlessly into a new industry with an experienced and dedicated team already in place.”
RM Nephew & Associates was founded in 2010 by Robert Nephew.
Plans call for the original RMN team to remain intact in the combined business. The company also plans to add David Bayer as managing partner; Bayer has more than 20 years of experience in executive search. The company also plans to add Landinez as a partner; he will work on business development opportunities with multinational corporations in the US and Latin America.
Luke Tierney will act as business liaison between CTR Group and the new RMN firm.