A leading PE firm had just carved out a ~$500 million medical device acquisition when the company’s acting CIO decided to not renew his contract. Faced with a number of time-sensitive initiatives, and frustrated by the difficulty of recruiting tech talent in a competitive geography, the Operating Partner in charge of the deal turned to Business Talent Group.
Within a week, we delivered an experienced technology executive who’d served as an interim CIO at companies like Sur La Table and had VP-level IT experience at Expedia and Trendwest Resorts. Over the course of the next four months, this executive helped the company build the infrastructure it needed to operate independently, including the implementation of a new ERP system. Once a permanent CIO had been found, he stayed on for an additional two weeks to ensure a smooth transition. Four years later, the company sold for $1.2 billion, a 24% YoY ROI.
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