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CEO Position Title
CEO in Residence
CEO Job Description
CEO job involves an initial
acquisition search phase in which the executive will work with the company
to develop a business plan and identify and evaluate acquisition
opportunities in a targeted industry, conduct necessary due diligence on the
acquisition target, and then following the closing of an acquisition, assume
the CEO position and associated responsibilities for the acquired company.
Company Description
The company is a Chicago-based private equity firm focused on investing
in management buyouts of business-business services, consumer services, and
consumer products companies. The company's unique CEO in Residence involves
partnering with a proven business services CEO first, and then working with
a CEO to acquire a company. In the past the company
has partnered with private equity groups such as Great Hill Partners in
Boston, and Frontenac Company in Chicago on management buyouts of companies with enterprise values
as high as $100 million. The company makes equity investments of up to
$2 million to acquire companies, and brings in larger
private equity firms to partner with on acquisitions up to $1 billon in
enterprise value.
The company looks to invest in companies with recurring revenue, high margin business models that can be
built into leaders in their industries. The company's
investment strategy is to invest in transactions where: (i) a private
company is under-managed or “under the radar”, (ii) new management is able
to improve the operational performance and implement a successful growth
plan, and (iii) after a company has achieved critical mass and demonstrated
strong growth and margins, a company is attractive to a number of large
corporate buyers and larger private equity groups.
Position Requirements
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Previous experience as CEO or general manager
of a company, with full P&L responsibility and all
functions reporting to them.
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A proven track record of successfully
building, as CEO, a company to $50 million or more in
sales, with operating margins in excess of 15%.
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An entrepreneurial mindset, with ideas on
specific acquisition candidates or a specific sector to target
acquisitions in.
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Acquisition experience.
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A high margin, recurring revenue business
model that allows a company to create a sustainable competitive advantage
and to become a leader in its industry.
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The ability to build a complete and strong
management team.
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A partnership mentality, with a high level of
integrity and excellent interpersonal skills.
Applying
CEOs interested in submitting a résumé for this
position may do so via e-mail or mail, as shown below.
E-Mail
Mail
Pinnacle CEO Recruiters, Inc.
651 W Briar Pl, Suite 4
Chicago, IL 60657
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