Peopleflex Becomes AC Lordi Search

Magellan Search Group to Acquire Temporary Staffing Business

WEST CHESTER, Pa.--()--AC Lordi, a leading provider of accounting and risk management consulting, announced today that its Peopleflex subsidiary will take the name AC Lordi Search to provide its direct hire services for accounting, audit and tax professionals. In addition, the Magellan Search Group has purchased the company’s temporary staffing operations in Philadelphia. The move streamlines AC Lordi’s array of services to enable the firm to focus on its core offerings. AC Lordi and Magellan have also entered into a formal alliance to offer each other’s services to their respective clients.

“This strategic decision aligns AC Lordi’s services with our corporate vision as the exceptional alternative to the Big 4 accounting firms for non-attest work,” said Frank Lordi, CEO of AC Lordi. “Teaming up with Magellan Search Group enables both firms to accelerate execution of our strategic plans while providing uninterrupted service to our clients.”

“The addition of Peopleflex's temporary staffing services complements our permanent placement business and furthers Magellan Search Group's goal to become a one-stop shop for our accounting and finance clients,” said Magellan CEO Joseph Nicolas. “This transaction elevates our position as one of the fastest growing companies in the Philadelphia region,” added president Matthew Kenefic.

To ensure a smooth transition, Magellan will hire all Peopleflex employees assigned to existing contracts and lease space in AC Lordi’s Center City office.

About AC Lordi

AC Lordi is one of the leading providers of accounting and risk management consulting and executive search. The company is headquartered in West Chester, PA with offices in California and Pennsylvania. For more information visit: www.aclordi.com.

Copyright © 2011 AC Lordi Corporation. All rights reserved. AC Lordi Corporation, its subsidiaries, and their respective taglines are either trademarks or registered trademarks of AC Lordi Corporation or its subsidiaries in the United States and/or other countries. All other trademarks used are owned by their respective owners.

Contacts

For AC Lordi
John Conroy, 323-828-3961
jconroy@cooperson.com

Contacts

For AC Lordi
John Conroy, 323-828-3961
jconroy@cooperson.com