World’s largest franchise development firm to work with U.S.based search franchisor to develop elite franchise system
CHICAGO, IL, UNITED STATES, October 5, 2016 – Robert Stidham, president of privately held Franchise Dynamics and Thomas Johnston, CEO of SearchPath, a leading ‘human capital solutions’ services provider, announced today a partnership to focus on the global franchise system growth of SearchPath. This unique relationship enables SearchPath to grow its global presence and franchise network, and to create new revenue generating opportunities for the firms and all their future franchise owners.
“Having watched the growth of SearchPath over the last decade, we’re impressed by the depth of the franchise offering the scope of the services SearchPath provides to its clients in the marketplace and are excited to work with this exceptional franchise company and brand “— Robert Stidham, President of Franchise Dynamics
With the partnership, Stidham will accept a board of director’s appointment for SearchPath and AlcorSearchPath, a joint venture of Alcor and SearchPath launched in India and southeast Asia to introduce a franchise opportunity into the rapidly developing market. The combination of these organizations will aim to help global companies compete in the war for talent, and marks the joining of one of the most accomplished franchise development firms in the world, the fastest growing search and recruiting franchisors, and a global leader in HR services.
Alcor’s history and focus on the services and offerings in human resources is an ideal partner for SearchPath as the company begins its global expansion. In addition to providing a solid base of expertise in India to support the initial launch and expansion of SearchPath, Alcor is adding a number of related service offerings that will help clients recruit, assess, hire and retain game changing talent. Alcor’s goal is to identify the first 25 foundation partners, then expand to at least 250 units in India, with an aim to expand throughout the region.
“The relationship with Franchise Dynamics allows us to create more points of service distribution to strengthen the support to our client companies and candidates, while also helping our franchisees further grow their businesses,” said Johnston. “With over 10 years of experience and 41 franchises, we are ready to begin a very aggressive growth plan. We believe that our firm’s long term strategic and tactical goals are aligned and will help our new franchise partners build and grow highly successful search and recruiting firms.”
“Alcor has a long history in the HR services area and we have been searching for a strategic partner to fill the gap in the executive search area,” said George Molakal, CEO of Alcor. “One of our key goals was to find a partner that would enhance our support in the India market, and it was clear from our first meeting that SearchPath had all the things we were looking for in a joint venture partner.”