Accordant to buy executive search firm Hobson Leavy

Tue, 24 Jan 2023

Recruitment and contract labour firm Accordant Group will buy executive search firm Hobson Leavy for an undisclosed sum. The deal is expected to close at the end of the month and will add more than $2 million of annual earnings before interest, tax, depreciation and amortisation (Ebitda) to the NZX-listed company. Accordant reported pre-tax profit of $3m in the six months ended Sept 30, and stripping out $2.3m of depreciation and amortisation and $651,000 of finance costs, that implies the company posted Ebitda of $5.9m in the period. ...

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