SYOSSET, N.Y.–PARC Street Group said it is launching PARC Compensation Consulting, which it described as a signal of a significant expansion of its solutions.
“PARC Compensation Consulting will deliver world-class compensation consulting services to credit union industry clients and other non-profits,” the company said in a statement. “This natural extension of services is an answer to the requests of many current clients of PARC Street Partners, a leader in the Supplemental Executive Retirement Plan (SERP) space.”
Cardwell Consulting is Acquired
As part of the expansion, PARC Compensation Consulting said it has acquired the intellectual capital of Cardwell Consulting, a leader in the field of executive compensation for over 20 years, and that Alan Dick, president of Cardwell Consulting and a veteran in the compensation industry, has signed a long-term consulting agreement with PARC Compensation Consulting.
“After working with PARC Street Partners for several years as a consultant, I am excited to work with PARC Street Group as they expand to directly offer independent compensation consulting services,” Dick said in a statement. “Through this partnership, I look forward to offering a seamless transition opportunity to Cardwell Consulting’s long-term clients.”
In addition, PARC Street Group said John-Paul (J.P.) O’Connor, formerly with DDJ Myers, has joined the company as a member of its consulting team.
‘Significant Step’
“Our expansion into total executive compensation with the launch of PARC Compensation Consulting represents a significant step forward for PARC Street Group,” Christopher Jones, partner of PARC Street Group, said in a statement. “By bringing together the expertise of Cardwell Consulting and the talents of industry leaders like Alan Dick and J.P. O’Connor, we are positioning ourselves to offer unparalleled service and insight to the credit union industry.”
Added Tim Green, president of F&A Credit Union in California, a client of both Cardwell Consulting and PARC Street Partners, in a statement, “I have worked with both PARC Street Partners and Alan Dick/Cardwell Consulting for many years and can state they are both best in class at what they do. Both firms bring an unmatched level of knowledge and integrity to their respective areas of expertise, and a combined entity will only create greater synergies for the credit union community. F&A Credit Union has relied on both PARC Street Partners and Cardwell Consulting to deal with some of our most sensitive and impactful executive compensation issues, and we could not be happier with the outcome they have helped us achieve. This merger will truly make PARC Street Group and the industry stronger, and we wholeheartedly support this combination.”
For info: www.PARCcompensation.com