CLIENT
Founded in 1997, Lois L. Lindauer Searches (“Lindauer” or the “Company”) is a leading national executive search firm serving the nonprofit sector. Lindauer specializes in recruiting nonprofit leaders and their teams for premier institutions in education, healthcare, the arts and sciences, and mission-driven advocacy organizations. The Company places more advancement and development professionals than any other search firm. Lindauer is headquartered in Boston, MA and serves clients around the world.

SITUATION
With a strong management team in place, including the appointment of Deb Taft as CEO in 2017, the client sought a transaction to transition ownership to the management team and attract an experienced, well-regarded investment partner to support the CEO and management team as they execute on the Company’s growth strategy.

ENGAGEMENT
G2 Capital Advisors, LLC (“G2”) served as the exclusive financial advisor to Lindauer, responsible for running a high touch search for an investment partner for management.

OUTCOME
The transaction was successfully executed through a management led buyout supported by Gemini Investors (“Gemini”), a private investment firm that invests in smaller middle market businesses. Gemini will support the Company’s growth initiatives of further expanding the search team and pursuing acquisitions of complementary businesses.

“We saw a great opportunity to support a strong management team and expand upon the Company’s leadership position,” said Jimmy Rich, Managing Director at Gemini Investors. “We focus on partnering with proven management teams to support their ambitious growth plans. We are excited to work with Deb Taft and her team to build on the great legacy established by the Company’s founder.” 

“When we began this process, we were focused on finding a buyer that would preserve the Company’s legacy and support employees who have been critical to the Company’s success. G2 spent time understanding our goals and, with their support, we were able to transition ownership to the current management team, and identify the ideal investment partner to support their growth plans,” said Lois Lindauer, the former owner of Lindauer.

“Our team is excited to partner with Gemini as we continue to build upon our leadership position in nonprofit executive search,” said Deb Taft, CEO of Lindauer. “We look forward to continuing to serve our clients in this sector as we help them build and develop world-class teams.”

“We are very pleased with the result for our client and the entire Lindauer team,” said Pat Reinhardt, Managing Director at G2. “Working with founder-owned businesses that have such an important role within their respective industries is extremely rewarding and we look forward to following the Company’s continued success.”