CEO - PORTFOLIO SEARCH - BUILDING PRODUCTS - USA
September 16, 2024
The Appointed Executive
The new CEO will be joining the team based out of the US
Baymark Partners is a Dallas-based Private Equity firm that focuses on acquiring and growing middle-market companies in sectors such as healthcare, business services, IT, distribution, manufacturing, and tech-enabled businesses like SaaS and e-commerce. With over 100 years of combined experience and a strong advisory board, they help companies scale through operational improvements and strategic discipline. Their portfolio spans over 70 companies, and they specialize in providing liquidity and resources for accelerated growth.
This company specializes in designing, fabricating, and installing custom glass products for residential and commercial spaces. They have over 30 years of experience and are known for their precision, creativity, and quality. Their projects include everything from glass shower enclosures to large commercial installations, serving sectors like hospitality, office spaces, and luxury homes. The company manages everything in-house, ensuring high-quality control across all stages, from estimation to installation.
The ideal CEO was to have a track record of leading successful exits in the same sector, demonstrating a deep understanding of industry trends and the complexities of transitions. They would effectively collaborate with financial intermediaries, managing sophisticated transactions while also engaging with staff at all levels on-site. Additionally, they were to have a history of generating organic growth, using internal strategies to drive business expansion.
The business required a CEO with a proven background in developing effective exit strategies within the Building Products sector, while also being able to integrate seamlessly into the blue-collar culture of the company. The primary challenge driving the need for this role was the necessity to divest, restructure, strategically position, and ultimately exit the business successfully. The client struggled to find strong CEO’s, with relevant product experience & the functional experience of an exit. When we were able to show them 6 CEO’s meeting the criteria, they used our service.
It was crucial to ensure that the CEO’s exit experience was directly relevant. Many CEOs may have been involved in an exit but not necessarily led one, often holding a different position during the process. Identifying the subtle differences in their capabilities was essential to accurately align their experience with the client’s specific needs.
Through our interview process, we focused on asking the right and more challenging questions to thoroughly assess a candidate’s exit capabilities. This approach ensured that we gained a deep understanding of their experience and prevented the risk of placing someone in a role where they could become overwhelmed. It also helped safeguard the client from hiring a candidate who might have been better suited to a different type of business or situation.
It took 7 days to get a final shortlist over to the client.
THOUGHTS ON THE CANDIDATE
"Lance was a great choice for the CEO position for the portfolio company. Throughout the process, he meshed well with the current management team as well as the Private Equity firm. Lance has a fantastic track record in this space, having led multiple exits previously in similar businesses. Throughout the process, Lance was great to work with, consistent in terms of expectations, his level of communication & commitment to the process. I wish Lance the best of luck in this position."
Luke Standing, Senior Associate
THE CLIENTS THOUGHTS
"Luke Standing was great to work with in securing the CEO for one of our glass companies. He produced an excellent candidate and we are pleased with the result."
David Hook, Managing Director
GET IN TOUCH
Raw Selection favors a meticulous approach to talent research. Our process for selecting the right talent means we can boast a 100% success rate for all our retained and engaged clients.
If you are looking for new talent, please get in contact with Luke today, at luke.standing@raw-selection.com
Get in Touch
Raw Selection favors a meticulous approach to talent research. Our process for selecting the right talent means we can boast a 100% success rate for all our retained and engaged C-Suite clients, with 96% of placed candidates still in their roles after 12 months.
If you are looking for new talent, contact us now.
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