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The Caldwell Partners International Inc., symbol CWLPF, is a talent acquisition firm offering recruitment services at all levels through Caldwell and IQTalent brands. With an emphasis on AI innovations, they provide research, sourcing, and recruitment services for executive, professional, and board-level positions. The firm focuses on talent strategy and assessment tools to ensure the best hiring practices, emphasizing seamless support for clients' talent acquisition needs. Caldwell Partners, listed on TSX under CWL and OTCQX market under CWLPF, is committed to growth and client success through cross-collaboration and service diversification.
Caldwell (TSX:CWL; OTCQX:CWLPF) has bolstered its investment and corporate banking capabilities with the appointment of Ellen Newhouse as a partner in its Financial Services Practice. Based in New York and Stamford, Newhouse brings over a decade of executive recruiting experience and a solid background in corporate finance and equity research. Her expertise in recruiting for global corporate and investment banks enhances Caldwell's ability to meet client needs. Caldwell positions itself as a premier retained executive search firm specializing in connecting clients with transformational talent.
The Caldwell Partners International reported record fiscal 2022 revenue of $156.2 million and an operating profit of $10.6 million, marking a 30% increase in revenue and a 79% increase in profit year-over-year. The results reflect the inclusion of IQTalent Partners, acquired in late 2020. However, the firm noted a decrease in hiring demand due to economic concerns, particularly in the technology sector, leading to potential staffing adjustments. The CEO expressed confidence in the company's future and ongoing acquisition opportunities.
Caldwell (TSX:CWL; OTCQX:CWLPF) has acquired The Counsel Network, a premier Canadian legal recruitment firm, for 100% cash. This strategic acquisition enhances Caldwell's geographic and functional capabilities in the legal sector. Founded in 1988, The Counsel Network specializes in talent management solutions, led by seasoned experts Dal Bhathal and Sameera Sereda. This move positions Caldwell to better serve clients in an expanding lawyer recruitment market, integrating strong brands and expertise to foster long-term relationships.
Caldwell (TSX:CWL; OTCQX:CWLPF) has enhanced its life sciences and healthcare recruitment capabilities by hiring Steven Price as a partner in Dallas. Price brings over 20 years of experience, having previously led the Academic and Life Science Practice at Merritt Hawkins/AMN Healthcare. His expertise in building strategic talent acquisition partnerships is expected to strengthen Caldwell's operations in the healthcare sector. Caldwell continues to focus on strategic additions to its team to better serve clients across various healthcare markets.
IQTalent has appointed Jenny Zhao as the firm's inaugural Vice President of Product, effective September 19, 2022. Zhao will oversee the product division, including IQTalent Xchange and IQRecruit. Her previous experience includes leading product initiatives at Asurion, enhancing her qualifications for this role. David Windley, president of IQTalent, expressed confidence in Zhao's capabilities to drive growth in their innovative software solutions aimed at revolutionizing the recruiting landscape. Caldwell Partners (TSX:CWL; OTCQX:CWLPF) supports IQTalent, leveraging AI to refine talent acquisition.
Caldwell has promoted Cait Houston to principal at their Calgary office, recognizing her impressive track record in the industrial sector. Under the leadership of managing partner Dave Winston, Houston will collaborate with partner Courtney Day to enhance Caldwell's capabilities in agriculture. With extensive recruiting experience and a commitment to client satisfaction, Houston is expected to contribute significantly to the firm's growth.
Founded on the belief in the transformative power of talent, Caldwell continues to leverage AI and technology in their executive search services.
The Caldwell Partners International reported a record third quarter revenue of $41.9 million, marking a 17% increase year-over-year. Year-to-date revenues reached $120.2 million, a remarkable 54% growth compared to the previous year. Operating profit for the year-to-date stands at $7.9 million. The company's acquisition of IQTalent Partners significantly contributed, generating $15.2 million in fees for the quarter, a 72% increase. Despite potential short-term moderation due to external economic factors, Caldwell remains focused on strategic recruitment and technology integration.
Caldwell announced its expansion with new offices in Washington, DC and Annapolis, MD, alongside the addition of Byron Marchant as a partner in the Board & CEO Practice. Marchant brings a wealth of experience from his role at the US Naval Academy Alumni and Foundation, where he raised over $541 million. His background includes significant leadership in both public and private sectors, enhancing Caldwell's capabilities in the federal, utilities, and sports sectors. Caldwell continues to leverage technology for talent acquisition, operating under TSX:CWL and OTCQX:CWLPF.
The Caldwell Partners International reported a record Q2 2022 with revenues of $39.8 million, a 66% increase year-over-year. Operating profit reached $5.0 million, marking a significant rise from previous years. Caldwell's executive search segment generated $27.4 million in revenue while its IQTalent Partners segment contributed $12.6 million. The firm highlighted strong organic growth across both segments and ongoing investments in technology to enhance talent acquisition services. Overall, this quarter signifies the highest performance in the company's history.
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