Core Insights - HireQuest has announced a new ownership structure for MRINetwork, transitioning majority ownership to a leadership group of current and former franchise owners while retaining partial ownership to support the brand [1][3][6] - The new leadership, led by Shana Applebaum, aims to focus on growth, strengthen client partnerships, and unify the global network into a high-performing organization [2][3] Company Overview - MRINetwork has been a leader in the search and recruitment industry since 1965, providing a full range of talent advisory solutions through a global network of offices [5] - HireQuest operates as a global franchisor of on-demand staffing and executive search services, employing thousands across various industries [7] Leadership and Strategy - The new leadership group consists of experienced franchise owner-operators who will guide the network's strategy and operational best practices [6] - Shana Applebaum, appointed as Managing Director, emphasizes enhancing collaboration and positioning MRINetwork for long-term success [3][5] Transaction Details - The transaction is expected to close in the coming weeks, with the new leadership group collaborating with HireQuest to launch an enhanced service model and strategic initiatives starting in Q1 2026 [4][6] Market Context - Despite challenges in the executive search market, there are signs of renewed activity, with major firms experiencing positive revenue impacts due to demographic trends and high executive turnover [6]