Calder Capital, LLC is pleased to announce that Financial Search Group of Petoskey, MI has been acquired by AXIOS HR of Grand Rapids, MI.
AXIOS HR is an independent, 100% employee-owned organization, and is the fourth largest privately-held West Michigan employer delivering personalized employment solutions to small and mid-sized companies.
Financial Search Group is a division of The PMP Corporation based in Petoskey, Michigan. FSG has been recruiting top financial professionals for over 20 years, with the objective of improving the professional lives of candidates and employers. The acquisition of FSG is a strategic one for AXIOS HR, and together the two companies can strengthen the professional teams of small to mid-sized businesses across the state of Michigan. The acquisition also allows AXIOS HR to spread its presence further throughout the state, as prior to the transaction AXIOS has been based entirely out of Grand Rapids.
AXIOS HR engaged with Calder Capital, LLC, in 2020 to aid in their seeking of the strategic acquisition of a Michigan-based company with a similar mission statement and industry track record. Within six weeks, AXIOS HR, with the aid of Calder Capital, presented the Financial Search Group with a Letter of Intent.
Founded in 1988, as Staffing Inc., AXIOS HR seeks to create strong, personal partnerships with their employees and customers. The AXIOS HR team believes that their commitment to the trust formed between businesses in West Michigan ultimately improves the area’s communities. With the acquisition of Financial Search Group, AXIOS HR can extend their reach further throughout the state of Michigan, and affect positive change in even more of our beloved Michigan communities.
Patrick Robey, and Sam Scharich, Mergers and Acquisitions Advisors at Calder Capital, worked alongside Dan Barcheski and Kellie Haines of AXIOS HR to find the right company to suit their strategic goals.
After careful evaluation of several opportunities presented to them by Calder, Mr. Barcheski and Ms. Haines were impressed by FSG’s recruitment process, expertise, and professionalism. Remarked Patrick Robey about the acquisition, “Financial Search Group will be an excellent addition to AXIOS HR. Both companies work tirelessly to match highly qualified personnel to the right companies, in roles where they can shine. It’s exciting to see what these companies will do together, especially with such prime Michigan locations that will allow them to reach more markets, and still collaborate and tag-team.”
“Patrick and Sam were excellent to work with,” commented Dan Barcheski of AXIOS. “Sam’s quiet energy combined with Patrick’s tenacity made an ideal combination in keeping things running smoothly throughout the process. We had no idea when we started that we’d be closing in just over half a year, but we couldn’t be more pleasantly surprised.”
Calder Capital, LLC, served as the buy-side M&A Advisor for AXIOS HR.