LOS ANGELES, April 1, 2022 – Korn Ferry (NYSE: KFY) today announced that it has acquired Patina Solutions Group, Inc.
Headquartered in Milwaukee, Wis., Patina brings to Korn Ferry substantial interim executive solutions expertise which will further enhance the firm’s industry-leading search portfolio.
Patina provides senior level interim executive solutions primarily to the manufacturing/industrial, food & beverage, healthcare, private equity, consumer packaged goods and professional services markets. Its vast network of senior interim professionals are available to fill company needs in finance/accounting, operations, supply chain, engineering, IT and more.
Korn Ferry’s world-class brand, vast intellectual property and five decades of recruiting expertise are a firm foundation for growing scale in today’s highly segmented interim executive interim solutions market.
“This combination presents real, tangible opportunity for Korn Ferry and our clients looking for the right talent, who are highly agile, with specialized skills and expertise to help them drive superior performance, including on an interim basis,” said Gary D. Burnison, CEO, Korn Ferry. “Patina offers the right solutions for today’s workscape. Professionals are on the move, Boomers are retiring and career nomads are looking for change – early and often. What previously was a 10-year career horizon, has narrowed to five years or even just two or three.”
“As part of Korn Ferry, Patina will have even more great solutions to offer our clients. Korn Ferry is a leading global organizational consulting firm, with world class executive search solutions and we look forward to further bolstering our interim executive solutions with them,” said Mike Harris, CEO of Patina. “We are thrilled to be joining Korn Ferry and excited for the opportunities ahead.”
The broader professional search is a fragmented, multi-billion-dollar global opportunity. The addition of Patina to Korn Ferry’s broader talent acquisition portfolio—spanning Executive Search, Recruitment Process Outsourcing, and Professional Search—is expected to accelerate Korn Ferry’s ability to capture a greater share of the interim executive solutions segment of this significant market.
Terms of the deal were not disclosed. The acquisition is expected to be immediately accretive to Korn Ferry’s adjusted earnings.
About Korn Ferry
Korn Ferry is a global organizational consulting firm. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers.