A local business advisory firm is turning up the heat on its C-suite executive search services.
The Fahrenheit Group, a West End firm that offers advisory, accounting and finance, and human resource services, has acquired locally based Bencks & Co., an executive recruiting firm headed by industry veteran Russ Bencks.
The deal, which has been in the works for about a year, took effect Monday. Terms were not disclosed.
Bencks joins Fahrenheit as managing director of its executive search team and will lead senior-level searches, as he has done in a career that has spanned two decades. He founded Bencks & Co. in 1999.
Bencks said the two companies shared a number of mutual friends and clients that led to merger discussions.
“The timing became right over the past couple of months,” Bencks said.
Rich Reinecke, a managing partner with Fahrenheit, said the firms were introduced by Scott Ukrop, who worked as director of business development for Fahrenheit and now serves in an advisory role. He said the addition of Bencks meets a growing demand for executive recruitment services from clients.
“As you move into that realm of talent acquisition, the scope of those hiring engagements gets more complex,” Reinecke said. “Russ has had a career full of those complex hiring engagements, so adding him to the team really gives us another level of sophistication.”
Reinecke said Fahrenheit has offered executive searches since its inception, helping businesses ranging from early-stage companies to Fortune 500s replace key executives or find new ones. That’s in addition to its other services, which include accounting and finance consulting, business advisory services and human resource consulting.
Local clients have included snack bar maker Health Warrior, marketing agency Workshop Digital and software company Muster, as well as clothes maker Ledbury, packaging company Liqui-Box and the Medical Society of Virginia, among others.
Founded in 2010 by Reinecke and co-managing partners Keith Middleton and Karen Booth Adams, Fahrenheit has grown to include offices in Northern Virginia, Arizona and North Carolina. It entered the Raleigh-Durham market last year.
Reinecke said the company has upwards of 60 consultants, about half of whom are based in the Richmond area. He said it is “busting at the seams” in its 3,500-square-foot office at 1700 Bayberry Court and is looking at available space around town.