Private equity firm New State Capital Partners acquired a majority stake in Klein Hersh, an executive search firm focused on the life sciences and healthcare industry.

Klein Hersh’s senior leadership team — Jason Hersh, Jesse Klein and Josh Albert — will remain and retain an ownership stake in the executive search firm; however, terms of the transaction are not being announced.

“It’s no secret that life sciences and healthcare are booming fields with significant growth pathways for the foreseeable future,” said Shaun Vasavada, VP at New State Capital. “Businesses in those sectors need experienced leaders with technical expertise to build successful organizations, and Klein Hersh has proven to be a strategic partner to clients seeking world-class talent.”

Klein Hersh was founded in 1998 and is based in Horsham, Pennsylvania.