Photo / Courtesy ProSearch
Ed McKersie of ProSearch
Updated: July 31, 2023
Portland's ProSearch makes first acquisition amid bullish outlook
ProSearch, a Portland-based recruiting and temporary staffing firm, has expanded its geographic reach through the acquisition of Technology Search Partners, of Portsmouth, N.H.
Terms of the acquisition, the first for ProSearch since it was founded in 1994, were not disclosed.
The privately held TSP, a three-person firm established in 2007, specializes in recruiting and staffing information technology professionals. ProSearch is owned by its 165 employees, including more than 150 contract or temporary employees.
“This acquisition is important to our continued growth plans, and is a natural fit for our team,” said Ed McKersie, ProSearch’s founder and president. “We had done business with TSP for many years. They share our values and have a well-deserved reputation for building long-term relationships with their clients and job seekers and IT contractors.”
As a result of the deal, ProSearch now has employees and clients in 38 states, offering "even deeper ties" across New England and nationally, he added.
McKersie’s relationship with Bill Sollitto, TSP’s founder and former owner, goes back more than 30 years.
“When he [Sollitto] decided to retire, we connected to discuss his options,” McKersie told Mainebiz.
Offering a bullish near-term business outlook, McKersie said, "We hope to continue to grow our top line revenue and client base into 2024."
McKersie also noted that while ProSearch aims to continue to grow organically, “if there are firms in our industry that share our values and culture and would make sense, we would be open to acquisitions down the road.”
TSP team changes
Following ProSearch's acquisition of Technology Search Partners, Sollitto will stay on as a consultant for ProSearch. And TSP’s Chad Merwin, who had run that company for years, will lead ProSearch’s efforts in New Hampshire, Massachusetts and elsewhere, according to Monday's announcement. Merwin's updated LinkedIn profile lists his title as ProSearch regional director.
ProSearch, which became employee-owned in 2017, was ranked No. 9 on a list of Maine’s largest ESOPs (Employee Stock Ownership Plans) published in the 2023 Mainebiz Book of Lists.
Rankings are based on the number of Maine employees at each firm.
Editor's note: Article updated to correct name of Technology Search Partners.
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