Korn Ferry acquires interim talent firm Salo

Korn Ferry has agreed to acquired Salo, a Minneapolis-based interim talent firm. Financial terms of the transaction, which is expected to close on February 1, were not disclosed.

Founded in 2002, Salo provides interim professionals for finance, accounting, and human resources roles, with a strong focus on the healthcare industry. The company’s service lines are Salo Expert (senior-level experts), Salo Advisory (c-suite and board-level advisors), and Salo Compass (junior-level professionals with public accounting firm experience).

Salo has approximately 700 people listed on LinkedIn and offices in Minneapolis, Chicago, Charlotte, Houston, and Denver.

Korn Ferry’s acquisition of Salo will broaden its ability to help clients fill interim and project-based roles in finance, accounting, and HR.

“Now, with Korn Ferry, we will be part of a global network of colleagues, with access to vast IP and more expansive client relationships and opportunities at every turn,” said Lisa Brezonik, CEO of Salo. “Our track record of success and deep interim professional solutions expertise, combined with Korn Ferry’s expansive credentials, will provide clients with greater opportunities to make an impact.”

Brezonik and her leadership team will remain with the company following completion of the transaction.

The deal follows Korn Ferry’s 2022 acquisitions of executive search and staffing firms Patina Solutions and Infinity Consulting Solutions.

Korn Ferry’s talent acquisition business has practices in executive search, professional search, interim executives & professionals, recruitment process outsourcing, and military transition/veteran recruiters. The firm’s HR consulting business covers areas including organization strategy, leadership assessment and development, and total rewards.

“Salo will be a great fit, with highly relevant interim professional offerings and expertise that speak to today’s world of work – a new workscape in which more than one-third of the U.S. workforce alone considers themselves to be independent,” said Gary Burnison, CEO of Korn Ferry. “The Salo acquisition reflects our continued focus on high-demand areas emerging in this environment, as we scale our solutions at the intersection of talent and strategy.”

Based in Los Angeles, Korn Ferry has more than 10,000 people serving clients in over 50 countries.