CEO-CFO Synergy Elevates Blue-Collar Business to Optimal Exit
Client
Private Equity firm focused on blue-collar sector, looked to evolve a rapidly growing business in their portfolio.
Executive
CEO embodying the blue-collar essence, boasting hands-on experience and an intrinsic understanding of the nuances of the sector.
CFO with a track record of successful transitions and staffing sector experience.
Situation
L.Maxwell was approached for our record of success in recruiting pivotal C-suite positions in specialized industries. Our work focused on supporting the overarching Private Equity strategy to boost their subsidiary’s value through judicious acquisitions and accelerate a successful exit. The subsidiary’s niche focus on blue-collar staffing meant the challenge was two-pronged:
Identify a CEO whose leadership resonates authentically with the blue-collar ethos.
Acquire a CFO with the finesse to navigate the complexities of an exit transaction.
Recognizing that the industry values hands-on experience over polished corporate personas, L.Maxwell successfully identified a CEO who was not only highly qualified but also deeply relatable. Our work culminated in onboarding a CEO who seamlessly integrated into the company culture of ethics and respect, boosting morale, driving operational efficiency and positioning the business for a successful exit.
Next, L.Maxwell shifted to addressing critical gaps in finance capabilities, by sourcing and onboarding a CFO with the experience and clout to execute on the exit plan, given a 2-3 year timeline.
Outcome
CEO spearheaded critical growth initiatives, resonating with every stratum of the workforce and growing from $180M to $400M+ through organic and acquisitive growth.
CFO applied his acumen to streamlining operational processes, achieving a highly advantageous 2020 exit.
Together, the roles came together to script a successful exit narrative, drawing commendations from the PE company and stakeholders alike, and reflecting L.Maxwell's pivotal role in shaping their trajectory at a strategic inflection point.
