Eastward Partners acquires search firm Press and Associates
NEW YORK, UNITED STATES — Eastward Partners, an executive search and human capital consultancy, has announced its acquisition of Press and Associates, a New York-based private equity search firm.
While financial terms of the deal were not disclosed, the acquisition positions Eastward Partners for further expansion in the competitive executive search market, particularly in the technology sector.
Combining strengths in executive search
Press and Associates, established by Paul Press in 2016, has built a reputation for sourcing top-tier technology leadership talent for private equity firms and their portfolio companies.
The firm operates primarily in North America and will now be integrated into Eastward Partners, with Press assuming a role as equity partner in the combined entity.
“In addition to Press & Associates’ extensive experience serving our clients, we’ll be able to leverage comprehensive human capital data and analytics research to provide a market-leading and unparalleled executive search service,” said Press.
“I’m delighted to be able to bring such value to my clients and join the Eastward journey.”
Future prospects and growth
Joe Carbone, CEO of Eastward Partners, highlighted the natural synergy between the two firms. “Having admired Paul’s work from afar and referring each other’s services when a specialist hire was required for our clients, the time came when it made sense to join forces.”
“We have a lot of commonalities among our network, and both share an unrelenting drive to provide exceptional service. Our operating models are similar, and we work extremely well together, so it made sense for both parties,” Carbone stated.
Looking ahead, Carbone outlined plans for continued growth: “We’re building an exceptional team to service our market and continue our ongoing expansion plans. This is the start of our roadmap to continue working with the best Executive Search Professionals and add value to a wider array of clients with our search and research capabilities.”
Founded in 2015, Eastward Partners continues to be headquartered in New York City, with a growing presence across key U.S. cities and London. The firm is poised to provide even more robust support to middle-market private equity and professional services markets through its expanded capabilities.
