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HighBank advises Global Search Associates, LLC, a Boyden licensee, on its sale to Odgers Berndtson

September 6, 2017
HighBank Advisors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it has advised Global Search Associates, LLC (“GSA”), a professional search and executive recruitment firm, doing business as the Boyden licensee (“Boyden”) operating in Washington, D.C., on its sale to Odgers Berndtson (“Odgers”). Terms of the transaction were not disclosed.
 
The acquisition of GSA will help establish Odgers’ newest office in Washington, D.C., demonstrating the firm’s commitment to growth in the U.S. and executive search and business leadership excellence globally. Tim McNamara, the former Boyden Managing Partner, will become Partner and Vice Chairman of Odgers and Head of Odgers’ U.S. Transportation and Infrastructure practice. Tim McNamara is joined by Derek Wilkinson, also a former Boyden Partner, who will become Head of Odgers’ U.S.-based International Development Practice.
 
“I look forward to working with the Odgers team as we demonstrate the firm’s dedication to preeminence in executive search excellence globally,” said Tim McNamara. “The HighBank team provided invaluable insight and worked tirelessly to accomplish a transaction that will prove to be advantageous for both sides. The senior-level attention HighBank provided in navigating through a number of challenging deal issues was instrumental in getting the transaction completed,” he added.
 
Stephen Gaines, Managing Director with HighBank, stated, “This was a complex transaction on an expedited timeline and we are excited about the result for both the former Washington, D.C. Boyden team and Odgers. We enjoyed having the opportunity to work so closely with Tim and his team throughout this process. He is truly a leader in the executive search industry and we look forward to following his team’s success in helping Odgers grow over the coming years.”
 
Michele Walsh of Gordon Feinblatt represented GSA on the transaction.
 
About Global Search Associates, LLC
 
Founded in 2001 by Tim McNamara, Global Search Associates operated as a licensee of global executive search and recruitment firm Boyden, covering search engagements and consulting services in the Washington D.C. area as well as in a number of industry verticals including transportation and logistics, NGOs and Not-for-Profit entities.
 
About Odgers Berndtson
 
Odgers Berndtson is one of the most successful and fastest growing global executive search and organizational leadership firms, with more than 250 partners managing client engagement from offices in 53 cities across 28 countries.  
 
About HighBank Advisors LLC
 
HighBank is a full service mid-market investment bank and financial advisory firm. Headquartered in Baltimore, Maryland with a regional office in Philadelphia, Pennsylvania, the firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and capital adequacy opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time. For more information, visit www.highbankadvisors.com.
 
All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA and SIPC. HBS is a wholly-owned subsidiary of HighBank Advisors.