We just came across this press release from 1997, where DHR International announced a “global joint venture” with a company called CONEX/InterSearch Inc. The press release said the joint venture was going to trade under the name “DHRCONEX/InterSearch”, and that the “combined operation will have over 100 offices throughout the world”.
Back in 1997, DHR was claiming to be the “ninth largest executive search firm in the United States with 31 domestic offices”. David Hoffmann was excited about the joint venture: “This is a tremendous, global leap for our firm. I feel comfortable and confident that InterSearch can deliver the quality global search our customers demand."
We wonder what happened to this joint venture and the “over 100 offices throughout the world”. A web search for “DHR International” and “Conex” reveals nothing more.
CHICAGO--(BUSINESS WIRE)--Dec. 12, 1997--Today marks the announcement of a global joint venture agreement between DHR International Inc. and CONEX/InterSearch Inc.
DHR's frenetic growth continues to push itself to the top of the U.S. search firm charts. DHR is the ninth-largest executive search firm in the United States with 31 domestic offices. David H. Hoffmann, chairman and chief executive officer of DHR, said: "This is a tremendous, global leap for our firm. I feel comfortable and confident that InterSearch can deliver the quality global search our customers demand."
CONEX/InterSearch Inc. boasts representation in over 37 countries with 80 offices and was named number 12 in the 1996 "World's Top 20 Retained Executive Search and Selection Businesses" by Executive Recruiter News. Fred Siegel, founder, board member and U.S. president of InterSearch, said: "This venture gives our worldwide operation added strength and visibility in the U.S. We will now be able to offer services to a broader range of industries, while continuing to provide the highest level of quality, both in the U.S. and abroad."
Under the name DHR-CONEX/InterSearch, the combined operation will have over 100 offices throughout the world.
CONTACT: DHR International Inc.
David H. Hoffmann, 314/725-1191
Fred Siegel, 212/371-3737