Executive Summary
The Opportunity: Regional President for PE Operating Company
Location: East Coast (ideally Washington DC or NYC area)
Company Overview:
TheMilVet is partnered with PE clients who are consolidating fragmented industries across America. These are industries that have no national presence or brands that dominate the market. Our PE partners create value through consolidation and quickly scaling the core business in a high growth environment. As an example, a sister portco in this fund grew its revenue from $0 to $2B in 4 years and after 300+ acquisitions. For more information about his strategy, we’ve included an article from the Harvard Business Review. Private Equity Needs a New Talent Strategy
Our clients enter a market through acquisition, hire a leader to be its champion for growth and begin to rapidly scale the local market. As the new market grows, they search for other local complementary businesses to tie under the newly hired leader.
This PE client is a top-decile private equity fund with a long history of successful investments in professional, residential, and tech services. This specific holding company is an investment out of its 9th fund, which will have ~$4.5 billion of committed capital and is focused on acquiring and growing residential home services companies.
Their executive leaders who are building this firm are experienced PE operators and represent an all-star team. Past leadership hires have included high performing Veterans with strong leadership skills and next-level execution abilities. Military profiles include leaders from Special Forces, Ranger Regiment, the nuclear Navy, USMC Infantry and MARSOC, etc.
Position Details:
This is an opportunity to be a Regional President at the holding company level. The Regional President will oversee all aspects of multi-site, multi-state operations; this person will be the business coach and mentor to individual business CEO's in their assigned region as they focus on day-to-day business activities with a focus on driving growth, performance metrics, create an amazing workplace culture and developing all staff and management.
You will own the full operating P&L of your region and will be responsible for driving organic growth of the business. You will be supported by other regional presidents, partner services teams that work at the holding company level, and adjacent business partners.
Additional primary responsibilities will include:
- Successful integration of tuck-in acquisitions that occur in your market area
- Hiring and managing business leaders within your company
- Partnering with peer leaders to ensure that best practices are shared across the full platform
- Working with peers and leadership to share best practices
Your Professional Qualifications:
5 - 10+ years post-military experience of demonstrated P&L ownership and growth.
Key attributes for the right hire:
- Unmatched will to win as a team
- Ownership mentality
- Growth mindset
- Able to identify opportunities, motivate employees, and create a culture of growth
- Data-driven decision making
- KPI focused
- Servant leader mindset
- History of building great teams of A-players with high retention
- Enjoys building a team-first mentality
- Bias for action
- History of operating at high pace of play
- Deep respect for blue-collar workers
Compensation:
- Low to Mid $300Ks OTE
- Strong performance-based equity package
- Industry-leading benefits package
Next Steps:
If you’re interested and would like to schedule an introductory call, please contact TheMilVet directly at themilvet.org/careers by emailing your resume to our recruiting at: recruiting@themilvet.org.