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Addison Professional Financial Search buys NY firm

September 19, 2007

Chicago-based Addison Professional Financial Search LLC said today it acquired Strategic Corporate Solutions LLC, a New York-based financial staffing firm. Terms of the deal were not disclosed. SCS provides operations, information technology and administrative staffing for financial services firms. It had been a division of New York staffing company Strategic Workforce Solutions.

"SCS is an excellent strategic fit for Addison," said Addison founder and CEO Joel Katz, "providing a platform for further expansion into the financial services segment, broadening our portfolio of services, adding an extremely strong team of staffing industry professionals and establishing a foothold in the country's largest labor market."

SCS has offices in New York and Jersey City NJ, which will add to Addison's offices in Chicago, Boston, Houston, Dallas and Schaumburg IL. SCS' president, John Costa, will remain with the company along with its 32-person staff.

The buy marks the first acquisition for Addison, ranked No. 12 in Staffing Industry Analysts' 2007 list of the fastest-growing privately held staffing companies.


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