Resources Connection To Acquire Ernst & Young’s Executive Search & Selection Practice
Resources Connection To Acquire Ernst & Young’s Executive Search & Selection Practice
Resources Connection To Acquire Ernst & Young’s Executive Search & Selection Practice
Costa Mesa, CA, April 11, 2002 -- Resources Connection UK, a subsidiary of Resources Connection, Inc. (NASDAQ: RECN) confirmed today its intention to acquire Ernst & Young’s Executive Search & Selection practice.
Chris Beer, Joint Managing Director of Resources Connection UK commented, “We are delighted to have signed a letter of intent to acquire Ernst & Young’s Executive Search & Selection practice. As a recent leader of this practice, I know how excellent their portfolio is in terms of quality of people and the client base.”
The Executive Search & Selection practice advises organizations across the UK on the selection and recruitment of their senior management teams and interim management capability.
The detail of the proposed arrangement:
ABOUT RESOURCES CONNECTION
Resources Connection, Inc. is an international professional services firm that provides accounting and finance, human capital and information technology services on a project basis. Headquartered in Costa Mesa, California, the company operates from 42 domestic offices and four international offices. More information about the company is available at www.resourcesconnection.com.
Resources Connection was founded in June 1996 by a team at Deloitte & Touche, and became independent in April 1999, following a management buyout. In December 2000, the Company completed its initial public offering and listed on NASDAQ. The U.S. client portfolio boasts 30 of the Fortune 50 companies and all of the Big Five accounting firms.
Chris Beer, Joint Managing Director of Resources Connection UK commented, “We are delighted to have signed a letter of intent to acquire Ernst & Young’s Executive Search & Selection practice. As a recent leader of this practice, I know how excellent their portfolio is in terms of quality of people and the client base.”
The Executive Search & Selection practice advises organizations across the UK on the selection and recruitment of their senior management teams and interim management capability.
The detail of the proposed arrangement:
- A five-year agreement will be implemented to enable Ernst & Young to refer opportunities to Resources Connection.
- Access to Ernst & Young Executive Search and Selection candidate database will form part of the transaction.
- Most employees of Resources Connection UK will be based at the Company’s London office, while a number of employees will be located at Ernst & Young’s offices to ensure the strong links remain between the two firms.
ABOUT RESOURCES CONNECTION
Resources Connection, Inc. is an international professional services firm that provides accounting and finance, human capital and information technology services on a project basis. Headquartered in Costa Mesa, California, the company operates from 42 domestic offices and four international offices. More information about the company is available at www.resourcesconnection.com.
Resources Connection was founded in June 1996 by a team at Deloitte & Touche, and became independent in April 1999, following a management buyout. In December 2000, the Company completed its initial public offering and listed on NASDAQ. The U.S. client portfolio boasts 30 of the Fortune 50 companies and all of the Big Five accounting firms.