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CareerBuilder and Monster complete merger

Sep 16, 2024•over 1 year ago

Acquiring Company

Career Builder

Acquired Company

CareerBuilder + Monster

ChicagoChicagoMarketplace

Description

CareerBuilder and Monster have successfully completed their merger, marking a significant milestone in the evolution of both companies. The combined company, for now referred to as CareerBuilder + Monster, is poised to leverage the strengths of both brands to better serve candidates and employers in the evolving talent marketplace. The new leadership team has been announced, with more information about the company, including branding, expected to follow.

Company Information

Company

Career Builder

Location

Chicago, Illinois, United States

About

   CareerBuilder is a global HR technology company that provides talent acquisition solutions to help employers find, hire and onboard great talent, and helps job seekers build new skills and progressive careers as the modern world of work changes. CareerBuilder has 25 years of experience as a talent company using technology to place people in jobs, and it is the only company with both the technology, through its online platform, and the candidates via its job site, to create a connected end-to-end experience. CareerBuilder operates in the United States, Canada, Europe and Asia and is the largest provider of AI-powered hiring solutions serving the majority of the Fortune 500 across five specialized markets. CareerBuilder is majority-owned by funds managed by affiliates of Apollo Global Management, Inc. and Ontario Teachers' Pension Plan Board. For more information, visit careerbuilder.com, and to learn more about our solutions for employers, visit hiring.careerbuilder.com. 

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed