Korn Ferry acquires three leadership development companies
Organizational consultancy Korn Ferry has acquired three leadership companies from the portfolio of TwentyEight Inc.: Miller Heiman Group, AchieveForum, and Strategy Execution.
Based in Littleton, Colorado, TwentyEight’s companies are focused on learning and performance improvement, with a heavy emphasis on leveraging emerging tech, data and analytics, and learning trends.
Miller Heiman Group advises on sales and service excellence, helping businesses build world-class sales and service organizations by improving their alignment and execution. The company was founded in 1960 and has offices in Littleton, CO; Tampa, FL; Amberg, Germany; Dusseldorf, Germany; Shanghai; Singapore; and Sydney.
AchieveForum offers leadership development services, helping organizations maximize the potential of their leaders. The company was founded in 1971 and has offices in Boston, Chicago, London, and Sydney.
Strategy Execution focuses on organizational training, with training expertise across strategy execution, program management, business analysis, contract management, and vendor management. The firm was founded in 1981 and has offices in Arlington, VA; London; Singapore; Shanghai; Beijing; Bangalore; Dubai; Toronto; Stockholm; and Frankfurt.
Combined, the three companies have trained thousands of professionals and hundreds of clients across the globe.
The acquisition of the three companies will bolster Korn Ferry’s learning and development and training offerings. The companies will be rolled into newly branded Korn Ferry Digital (formerly Products Group) and will expand the consultancy’s intellectual property and content. Korn Ferry currently boasts one of the world’s most comprehensive people and organizational databases.
“The combination brings a world-class portfolio of learning, development, and performance improvement offerings and expertise to Korn Ferry and will bolster our firm’s substantial leadership development capabilities,” said Gary D. Burnison, CEO of Korn Ferry.
The acquisitions will improve Korn Ferry’s ability to tap into the expanding corporate training and education market, which is offering greater opportunities as companies struggle to retrain their employees for a digital and emerging-technology-altered future.
Based in LA, Korn Ferry delivers services in organizational strategy, talent acquisition, rewards and benefits, assessment and succession, and leadership development to clients across the globe.
Byron Matthews of Miller Heiman Group, Christoffer Ellehuus of Strategy Execution, and Scott Bohannon of AchieveForum said: “We are delighted to find the perfect strategic home at Korn Ferry. We are enthusiastic about what the future will bring from this acquisition in terms of synergistic product and consulting solution offerings for our customers as well as career opportunities for our employees.”
The transaction is expected to close by November 1, 2019. Terms of the deal were not disclosed.
