Pearly Meyer, a Boston-based executive compensation consulting firm, has acquired Yaffe & Company, a compensation consultancy focusing on the not-for-profit sector.
Founded in 1976 by Rian Yaffe, Yaffe & Company delivers executive compensation consulting to not-for-profit clients, with a focus on healthcare systems and higher education institutions. Many of the firm’s consultants have previous experiences as health system executives and university/college presidents.
In the last decade, Yaffe & Company has expanded its advisory services into leadership development, governance, physician advisory, and faculty compensation services.
The consulting firm is based in Towson, Maryland, and has a team of approximately 20 people.
Pearl Meyer’s acquisition of the firm will expand its capabilities in the not-for-profit area. In addition to serving not-for-profit clients, Pearl Meyer also works with leading private sector firms – including those on the Fortune 500 and FTSE 350.
The deal will see president and CEO Alexander Yaffe join Pearl Meyer as a managing director. Yaffe joined his father’s company in 2001 and became the CEO in 2013. He brings over 20 years of experience working with not-for-profit boards on executive compensation, performance evaluation, retirement plan design, leadership development, and succession planning. He has also worked with numerous hospitals to develop comprehensive physician compensation and governance practices.
“We are excited to have Alexander Yaffe and his team join Pearl Meyer,” said David Swinford, president and CEO of Pearl Meyer. “Their consulting philosophy aligns with our approach that emphasizes the importance of linking business and leadership strategy to executive compensation which can help organizations achieve their long-term goals. Their experience deepens our existing commitment to serving the needs of clients in healthcare and higher education.”
Founded in 1989, Pearl Meyer offers consulting services in executive, director, and employee compensation, as well as advice on compensation governance and communications. The firm also delivers specialized compensation expertise for M&A and restructuring situations, as well as for high-growth startups. The company additionally offers services in salary surveying to help clients establish and manage their employee pay and reward strategy.
Pearl Meyer has US offices in Atlanta, Baltimore, Boston, Charlotte, Chicago, Houston, Los Angeles, New York, Raleigh, and San Jose, and an international office in London. The consulting firm has more than 100 employees, according to LinkedIn.
“Pearl Meyer’s strong brand reputation, the depth of its consulting and data capabilities, and its infrastructure will enhance our ability to grow and support our clients,” said Yaffe. “There is great synergy and a strong cultural and business fit between the two teams. We are excited to join this industry-leading consulting firm.”