Salo announced today the acquisition of the Chicago-based business formerly known as The Johnsson Group from PRGX Global, Inc., the world’s leading provider of accounts payable recovery audit services. This is Salo’s first acquisition and a significant milestone after 12 years of exclusively organic growth.
The acquisition will expand Salo’s existing presence in the Chicago market and bring the company’s overall head count to more than 400 employees. It affords Salo a larger consultant pool, translating to deeper resources and fresh perspectives to augment its comprehensive finance, accounting and human resources solutions.
“What makes this acquisition so appealing is the significant cultural match between us,” said Mitch Ornstein, Salo managing director. “We both foster a fun, learning-rich environment centered on team building, great communities and proven results. Our culture attracts world-class consultants, encourages retention and in turn, breeds strong customer loyalty.”
“We’ve experienced tremendous success here in Chicago and are excited to join Salo to enhance our ability to solve business issues,” said Mike Jefvert, managing director of the acquired business. “This positions us firmly as a leader in the finance, accounting and human resources staffing arenas in both markets.”
The acquisition coincides with Salo’s fourth consecutive year of double-digit growth with the number of employees at an all time high. The increase reflects a trend in the staffing industry as more people gravitate toward a flexible workplace that offers variety, control over assignments, a work-life balance and health benefits.
The combined entity will do business as Salo, LLC. Employees will be encouraged to continue expanding their careers through an increased variety of projects and new client relationships.
Plans are currently underway to relocate the Chicago team to a new office that mirrors Salo’s award-winning, collaborative space in its Minneapolis office.
To learn more, please visit https://hellosalo.com.
About Salo, LLC
Salo, LLC is the leader in driving business outcomes in finance, accounting and human resources by strategically placing senior-level professionals on a project or interim basis, as well as finance and accounting search services. NumberWorks, a Salo affiliate, specializes in staff-level finance and accounting talent. The award-winning firm has offices in the Greater Chicago and Greater Minneapolis-St. Paul regions.