Case Study

Vaco

Professional Services

Designing a Headquarters with Room to Grow

CHALLENGE

Global talent recruiting and staffing solutions company Vaco was starting to feel some growing pains at its headquarters near Nasvhille. Consistently listed by Inc. Magazine as one of America’s fastest-growing companies, Vaco had grown through a combination of organic growth and strategic mergers and acquisitions since its founding in 2002. The company projected that it would need to double its footprint. Three years before the end of its current lease, the firm engaged David McRae and his team to advise on long-term strategy and lead its search.

SOLUTION

McRae and team worked closely Vaco’s senior executives to understand the company’s goals in devising a real estate strategy. The recommended solution would be to move Vaco into a new headquarters building under construction by a REIT, not far from current headquarters. In addition to strategy, McRae’s team assisted Vaco with all the details, including budgeting, planning and coordinating lease terms, as well as negotiating incentives and project management.

RESULTS

McRae’s team negotiated an early exit from the existing lease, with no financial impact to Vaco. The new headquarters offers more collaborative space and new amenities for existing partners and teammates visiting from around the country, in a fresh new workplace design.

COMPANY DESCRIPTION

Founded in 2002, Vaco provides expert consulting, permanent placement, executive search and strategic staffing for companies across the country and around the world, in all kinds of different industries. Since its founding in 2002, Vaco has grown to serve more than 40 markets across the globe, 800+ employees, 4,300 consultants and $500M in revenue. Vaco has been named to Inc. magazine’s list of the fastest-growing private companies for the past 12 years and was recently named to Forbes’ 2018 List of America’s Best Recruiting Firms.