Woodcliff Lake consulting firm merges with Canadian business

The Adecco Group, parent company of Lee Hecht Harrison, a Woodcliff Lake-based consulting firm, announced Wednesday that it has purchased Toronto-based Knightsbridge Human Capital Solutions for $63 million.LHH, according to a news release, will be combined with Knightsbridge, a provider of career transition, talent and leadership development and recruitment services. Adecco will acquire Knightsbridge’s career development and executive recruitment operations.

“Knightsbridge joining forces with Lee Hecht Harrison will significantly benefit the clients of both organizations in Canada and around the world,” Peter Alcide, president of Lee Hecht Harrison, said in a prepared statement. “Companies today seek to partner with organizations that can globally deliver world-class talent development and career transition services seamlessly and consistently. The combined organization in Canada will be co-branded and will enhance the market-leading services we offer companies to ensure they are best optimizing their talent.”

The transaction is expected to close in the second quarter of 2015.

“We are delighted to be teaming up with Lee Hecht Harrison,” David Shaw, founder and CEO of Knightsbridge, said in a prepared statement. “We have worked with Lee Hecht Harrison for many years and know their management team very well. Our vision from the beginning was to create a unique company with a breadth of expertise to better solve our clients’ human capital challenges. Knightsbridge and Lee Hecht Harrison’s complementary expertise and cultural fit will create an even stronger offering for our clients.”

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