RM Nephew and Associates Acquired by Private Investors
Boston, May 1, 2021 — After a process that began in the fall of 2020, RM Nephew & Associates, LLC (RMN), a leading retained executive search firm headquartered in Boston, was acquired by a group of private investors led by majority partner CTR Group (CTR), a Virginia-based, family-owned corporation. Minority partners in the investment include BAG LLC, another family-owned private investor, and Mr. Luis Landinez, formerly a top executive at General Motors and Heineken.
RM Nephew & Associates was founded in 2010 by Mr. Robert Nephew, an executive search veteran with more than 35 years of experience. RMN has conducted hundreds of C-suite and board-level searches for its premier clients in the U.S. and abroad.
CTR Group is a 34-year-old holding company that operates nationwide. The firm has interests in real estate, software, and employment services, and serves an extensive list of clients in various industries, including shipyards, maritime, manufacturing, healthcare, defense, and industrial.
The acquisition positions RMN solidly for future growth and success while enabling the firm to better serve its clients with a multinational presence. RMN will have the opportunity to grow its in-house team, deepen its expertise, and expand its international capabilities. Mr. Nephew commented that “it is an honor for RMN to have been selected as the core platform from which CTR will build its global executive search business.”
CTR Group will be adding a strategic new offering to its business that will enable it to provide top-tier executive search services to its defense and commercial clients. Mr. Arnold Boyd, CTR’s Founder and CEO, stated that “we look forward to our expansion into the executive search arena. I see this acquisition as the ideal way for CTR to phase seamlessly into a new industry with an experienced and dedicated team already in place.”
Both RMN and CTR place great value on integrity, respect, relentless pursuit of client satisfaction, and open and honest communication. RMN remains committed to providing personalized, bespoke service to its clients.
The new firm will keep the original RMN team intact while adding two new Partners: Mr. David Bayer, Managing Partner, has 20+ years of experience in the executive search industry and has participated in numerous private equity/venture capital deals during his career. Mr. Luis Landinez, Partner, brings his experience from an impressive corporate career with General Motors and Heineken. Mr. Landinez will provide additional business development opportunities with large multinational corporations in the U.S. and Latin America.
Mr. Luke Tierney, key M&A executive at CTR, will act as Business Liaison between CTR Group and the new RMN firm.
RM Nephew and Associates Recruits CEO for Accord Services
October 2, 2019 – Executive recruitment firm RM Nephew and Associates has placed Brandon Ballew as the new CEO of merged companies Accord Services and Allegiant Home Care.
Mr. Ballew brings more than 20 years of experience in growing healthcare services businesses to Accord. He is an operations executive with extensive experience in M&A, standardizing operating procedures and enhancing technology.
Mr. Ballew was most recently chief operating officer of Kindred at Home. He spent 18 years with Kindred at Home, which started as a privately held regional provider and grew to become the largest provider in the country. Mr. Ballew worked through private to public transition and public to private transaction.
Headquartered in Marietta, GA, Accord Services provides skilled and unskilled private-duty, in-home nursing care to clients with catastrophic and complex injuries. It recently merged with home healthcare provider Allegiant Home Care, which provides a range of healthcare services in the home including nursing, physical and occupational therapies, social work and home health aide support.
Accord Services and Allegiant Home Care are Coppermine Capital investment companies. Coppermine Capital is a Concord, MA–based private investment firm focused on small to mid-sized home healthcare, niche manufacturing and services companies. In addition to procuring new investments, Coppermine facilitates add-on acquisitions for its growth-oriented portfolio companies.
Respected Recruiters
RM Nephew and Associates, based in Boston and New York, provides partnership-driven solutions to business leadership and recruitment challenges worldwide. The firm specializes in executive search services for clients in the healthcare, technology, supply chain, warehousing, distribution and manufacturing, and professional services industries. Its clients range from Fortune 500 companies to mid-size firms to private equity and venture-backed start-ups. RM Nephew and Associates has core experience partnering with privately-held, family-owned firms.
For these top 50 executive recruiters working in the life science and healthcare sectors, the last decade has been one of transformation. Pressure on pricing, regulatory changes, emerging innovations, growth, and an uncertain political environment have all helped shape a new field of play.
Founder Robert Nephew, who serves as managing partner, founded the firm with more than 35 years executive search experience. He has built his career within the technology, professional services and healthcare industries. Areas of expertise include human resources, board of directors and financial officer disciplines. Through his extensive work in these areas, Mr. Nephew has refined techniques for placing senior leaders who serve as key advisors to the CEO on a range of strategic business matters.
RM Nephew and Associates Places New CFO for InVivo Therapeutics
May 17, 2019 – Executive recruitment firm RM Nephew and Associates has helped to place the new chief financial officer and treasurer for InVivo Therapeutics Holdings Corp., a Cambridge, MA-based research and clinical-stage biomaterials and biotechnology company. Richard Christopher comes to the role from iCAD Inc. Leading the assignment was search firm partner Denise C. Amari.
RM Nephew and Associates Lands Top Roles for Parkland Health & Hospital System
March 14, 2019 – Executive recruitment firm RM Nephew and Associates recently completed searches for two key roles within the Parkland Health & Hospital System in Dallas. John W. Wendling is the new executive director of Community Health Plan, Parkland’s managed care organization, and Steven Roth, who was serving as the interim general counsel for the health and hospital system, has been promoted to general counsel. Search firm founder and managing partner Robert Nephew spearheaded both assignments.
