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Private equity firm recapitalizes ZRG Partners

December 18, 2018

Executive search firm ZRG Partners Inc. completed a recapitalization with RFE Investment Partners, a lower middle-market private equity firm. ZRG’s current capital partner, Northcreek Mezzanine, is exiting the investment after four years.

The transaction closed Dec. 5. Terms were not disclosed, but RFE Investment Partners acquired a majority stake in the firm.

“We are looking forward to continuing our expansion with an investor that has significant capital to support our proven core growth strategy in tandem with looking at strategic acquisitions to broaden our talent offerings,” ZRG CEO Larry Hartmann said.

ZRG is based in Rochelle Park, NJ. The multi-practice global search firm targets sectors include life sciences, industrial, financial services, consumer, private equity and technology. Earlier this year, ZRG acquired assets of the Epsen Fuller Group, an executive search firm based in New York City.

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