Philadelphia-based recruitment firm Diversified Search has acquired Koya Leadership Partners in a deal the company said will make it one of the largest nonprofit and higher education practices in the executive search industry.

The merger was completed June 10, according to a statement from Diversified Search. The combined firms will have projected annual revenue of more than $80 million, although details of the deal were not disclosed. Boston-based Koya is retaining its own name and branding but will operate within the portfolio of Diversified Search companies.

"Culture fit has always been and remains a top priority as we continue on an aggressive growth strategy within our key sectors," Diversified Search founder and chair Judith von Seldeneck said in a statement. "We believe that with Koya alongside us, we have a rare opportunity to build a unique model in today's competitive environment."

Koya's specialization is mission-driven search, primarily with nonprofit and higher education clients. Diversified Search said the firm will complement its existing education, nonprofit, and arts and culture practices, as well as its many other practices.

Both firms were founded by women and have track records of placing women and people of color in executive positions, according to Diversified Search. Katie Bouton, Koya CEO and founder, becomes president of Diversified Search, joining von Seldeneck and CEO Dale Jones on the leadership team.

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