Principal Connections undergoes MBO

PRINCIPAL CONNECTIONS UNDERGOES MANAGEMENT BUY-OUT

Dublin, Ireland, 11th April 2024 - Principal Connections – executive search is pleased to announce that Pat O'Donnell, Director and Managing Partner, has successfully completed a Management Buy-out obtaining full ownership of the firm by acquiring the shareholding interests previously held by Director and Chairperson Hilarie Geary and Shareholder Gary Byrne.

ABOUT PRINCIPAL CONNECTIONS

With offices in Dublin, London, Cork and Galway, Principal Connections is one of the top executive recruitment firms in Ireland and in recent years has also established a strong UK client base. Clients include large multinational corporations, small-to-medium enterprises, start-up and family-owned businesses, not-for-profit, semi-state and public-sector bodies. Principal Connections is also part of Agilium Worldwide LLC (est. 1984), ranked one of the world’s top global executive search groups with 55 offices across 30 countries.

THE PARTIES

Managing Partner, Pat O’Donnell said:

“I would like to sincerely thank Hilarie Geary and Gary Byrne for their significant contributions over the years and wish them well for the future. Together we have assembled an exceptional team of executive search professionals who do ‘executive search’ better than anyone else in the market. Looking ahead, it is now very much business as usual. We will continue to serve and deliver for our clients while also innovating new offerings to achieve further growth.”

Outgoing Director and Chairperson, Hilarie Geary said:

“After three decades of working alongside the incredible team here, I’m filled with mixed emotions as I depart. It’s been an extraordinary journey, and I’m immensely proud of what we’ve achieved together. I extend my deepest gratitude to each and every member of the firm for their unwavering commitment and dedication over the years. While it’s bittersweet to say goodbye, I have full confidence in the outstanding capabilities of Pat and the team and sincerely believe that they will continue to nurture the company’s success. To Pat and all the team, I express my heartfelt thanks for your support and collaboration. As I embark on a new chapter, I carry with me cherished memories and profound appreciation for the privilege of being part of this great firm.”