Situation: After the investment closed, the board brought in a new CEO to reinvigorate growth and advance the industry's market share.  The request was to assess the new CEO's ability to align with the board on growth levers and determine factors that would increase the probability of the CEO's success in delivering the required growth.

Solution:  We conducted an executive assessment of the CEO to determine the strengths and gaps that would either increase or decrease the probability of delivering success. A critical focus was to create a leadership team that would combine the necessary capabilities to rally the organization and fill in any CEO gaps. We helped the CEO and head of HR to upgrade the overall leadership team and run leadership team offsites to advance cohesion and alignment within the newly formed team. We coached the CEO and team while readying the business for a transaction.

Impact: The CEO avoided making several critical hiring mistakes, and the CEO and leadership team transformed the overall business approach and performance. As a result of experiencing a shortened timeline to typical post-close business results, the PE Managing Partner incorporated aspects of the process into ongoing deal evaluation diligence and post-close onboarding into the broader portfolio.