The Challenge
A middle market private equity firm specializing in biotech, engaged Alliance Resource Group to identify and recruit a high-level Controller. The firm, which was growing aggressively, had just completed its second fund with plans to start both a third and fourth fund as soon as possible. The firm’s Chief Financial Officer planned to retire within 12 months, and the new Controller was to be trained as his successor. Firm leadership asked Alliance to help them with finding a highly motivated and talented finance executive who was ready for their next step – a promotion to CFO within the year.
The Solution
Tapping their extensive talent network, Alliance provided the private equity firm with four extremely qualified candidates within 30 days of the search commencing. The CFO deemed all four a solid technical fit, and the executive team made an offer to the candidate with the strongest match and skillset to grow alongside the firm as it grew.
The Outcome
The new hire quickly integrated into the existing organization, rapidly earning her place as a trusted member of the leadership team. Within just a short time, she began working closely with the current CFO to prepare the company for a smooth transition as the CFO readied for retirement. Alliance’s dedication to helping the firm find the right match allowed the private equity firm’s plan for a smooth succession to proceed without a hitch.