With the increase of Black-owned businesses, there have been concerns about Black companies being sold or taken over by white firms. From 2017 to 2020, the number of Black-owned businesses across the country increased by 13.64%, and Black-owned firms brought in an estimated $141.1 billion in gross revenue in 2020 – an 11% increase since 2017. However, according to Forbes, there has been a trend where Black-owned businesses are being sold to or acquired by white-led companies. They raised the question of whether the business acquisition is a sign of
True, one of the largest executive search firms in the world, has announced it is acquiring Jopwell, a hiring platform focused on advancing the careers of Black, Latinx and Native American students and early-to-mid-career professionals. According to a press release, Jopwell will complement the executive-focused DEI efforts of True Search and AboveBoard, an inclusive executive platform and community). Jopwell co-founders and execs Ryan Williams and Porter Braswell will continue to build Jopwell as a business unit within True. The story behind Jopwell Williams and Braswell started Jopwell after meeting at Goldman
