(Bloomberg) -- Olympus Partners is considering a sale of recruiting and consulting firm Vaco, which is expected to fetch more than $1.5 billion, according to people familiar with the matter.

Olympus is working with an adviser to look at strategic options for the company, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Vaco generates about $140 million in annual earnings before interest, taxes, depreciation and amortization, the people said. No final decision has been made and Olympus could elect to keep the business.

A representative for Olympus declined to comment. Representatives for Vaco didn’t immediately respond to requests seeking comment.

Vaco, based in Brentwood, Tennessee, offers health-care IT, recuiting, supply-chain, consulting and other services to startups and large companies, according to its website. Olympus acquired Vaco in 2017 for an undisclosed price, according to a statement at the time. 

Stamford, Connecticut-based Olympus raised $3 billion for its seventh buyout fund in 2019, according to its website. 

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