Quad-C Management Sells Stake in Vaco to Olympus Partners
Summary
Quad-C Management, Inc., a middle market private equity firm, has completed the sale of its stake in portfolio company Vaco, a Nashville, Tennessee-based executive search, consulting, placement and strategic staffing firm.Founded in 2002 by CEO Jerry Bostelman, Vaco provides boutique-level service with a global reach in the areas of executive search, consulting, permanent placement and strategic staffing.Areas of focus include accounting, finance, technology, healthcare IT, operations, administration and international managed services.Since then, Vaco has experienced significant growth through extending core business lines and entering new markets.Vaco completed seven acquisitions during Quad-C’s ownership which expanded Vaco’s service offerings into healthcare IT and extended its geographic footprint domestically, as well as into Canada and India.