The business will operate as a ZRG company, focused on supporting client needs for senior life science professionals and will add depth to the existing global Life Sciences practice at ZRG.
The transaction will add approximately $10 million in annual revenues to ZRG and bolster the firm’s direct presence in the Global Life Science sector in which it maintains a strong market presence in the top tier pharma space. With this acquisition, ZRG will report revenues anticipated to exceed $65 Million in 2019 and will have over 200 team members globally to support clients in important executive recruiting and talent solutions work.
The Toft Group has a sector focus in working with early-stage life science with a special niche in innovation-driven companies at the intersection of biotech and high tech. Additionally, the Toft Group has a strong reputation for actively promoting diversity in recruiting. Robin Toft, founder, and chair of the company is also the author of WeCan, a holistic look at preparing diverse leaders for productive careers as executives and board members.
“The Toft Group is the market leader for early-stage biotech and life science recruiting. They have built a stellar track record in bringing top talent to their clients, quickly,” said Larry Hartmann, CEO of ZRG. “Combining their sector expertise with the extensive work ZRG is already doing with our 12 life science consultants creates a strong global Life Science practice. We are thrilled to add Robin to our executive team and welcome the entire Toft Group to the ZRG family.”
“This is the ideal next chapter for our firm. The ability to now expand our offerings globally and broaden our offerings working side by side with the ZRG team will allow us to partner at an even deeper level with our client base,” Robin Toft said. “The functional expertise of ZRG, combined with our sector knowledge and local presence in important West Coast markets, will further define us as the ‘go to’ firm for all life science work.”
“ZRG’s data-driven, tech-enabled search process, and its digital platform will even further speed up our ability to service our client base,” Toft added. “We look forward to continuing to grow our business sector and expand our relationships with our ZRG colleagues, who do significant executive search work at the most senior levels.”
Robin Toft will continue in her role as Founder & Chair of the Toft Group in order to build out the business and help with the overall growth of ZRG as a senior leader.
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