-Merger gives rise to one of the most experienced international
insurance search teams in the world-
TORONTO, Aug. 18, 2014 /CNW/ - Retained executive search firm The
Caldwell Partners International Inc. (TSX: CWL) today announced that it
has entered into an agreement to acquire Hawksmoor Search, an executive
search firm focusing on the insurance industry.
Based in London, Hawksmoor Search is a retained executive search
boutique specializing in board and senior management recruitment for
clients in the insurance and reinsurance markets worldwide. The firm
was launched in 2010 by Matthew Andrews, an executive search
professional serving the insurance industry since 1987. Supporting
Matthew on the Hawksmoor Search team are Jeremy Hughes and Catherine
"We are very excited to be joining forces with Matthew Andrews and the
Hawksmoor Search team," said John Wallace, chief executive officer.
"This is a significant step forward for Caldwell Partners as we
continue to grow our company, adding high quality teams in the areas
and geographies that are important to our clients. The partnership
we've had with Matthew and Hawksmoor Search for the last four years has
been very successful and we couldn't be more pleased to be taking this
next step forward. In merging the considerable expertise and success of
our two organizations, we are creating one of the most experienced
international insurance search teams in the world."
Wallace continued: "At the same time, we are excited about the prospects
of planting Caldwell Partners' flag in London with such a quality
search professional and person. We place great confidence in Matthew's
business and industry experience, and as managing director of Caldwell
Partners, Europe he will be leading and directing our European
expansion. Our growth strategy has always been fuelled by our
determination to continually improve our service to our clients and to
create sustainable value for our shareholders. The addition of the
Hawksmoor Search team is a clear continuation of this strategy."
"This merger has been entirely client-driven and solely motivated by
what serves the needs of our respective clientele" said Peter Reed,
leader of Caldwell's Insurance Practice. "The expansion of our
footprint and broadened industry coverage will allow us to serve our
clients in a much more integrated fashion. It will also enable our
dedicated Insurance Practice to provide unrivalled access and hands-on
strategic counsel to our clients across all sectors of the industry. By
leveraging the collective experience of the newly integrated Caldwell
Partners Insurance Practice, we will continue to work seamlessly and
collaboratively across geographies with dedicated Insurance Practice
partners now based in London, Stamford, New York, Dallas, Toronto,
Vancouver and Calgary.
"We are looking forward to being an integral part of the Caldwell
Partners team," said Matthew Andrews. "In the years we have worked
together, Peter and I have developed a reputation in the insurance
industry for the quality of our client service, the extent of our
market knowledge and our track record of exceptionally close
cooperation. We at Hawksmoor Search are extremely excited about joining
Caldwell Partners in order to work together even more closely to
execute the best search assignments and deliver the best candidates for
Closing is expected to occur on or about October 1, 2014, and is subject
to certain conditions, including TSX approval.
About Caldwell Partners
Caldwell Partners is a leading international provider of executive
search and has been for more than 40 years. As one of the world's most
trusted advisors in executive search, the firm has a sterling
reputation built on successful searches for boards, chief and senior
executives, and selected functional experts. With offices and partners
across North America and in London, the firm takes pride in delivering
an unmatched level of service and expertise to its clients.
The Caldwell Partners' Common shares are listed on The Toronto Stock
Exchange (TSX: CWL). Please visit our website at www.caldwellpartners.com for further information.
SOURCE: The Caldwell Partners International Inc.
For further information:
Investors & Analysts:
Chris Beck, CPA, Chief Financial Officer
The Caldwell Partners International
Caroline Lomot, Director of Marketing
The Caldwell Partners International