HOW TRIVEST SECURED A CFO FOR THEIR PORTFOLIO COMPANY, CANOPY ROOFING
June 15, 2023
At A Glance
The new CFO will be aiding the portfolio company’s EBITDA & Revenue growth based out of the US.
Appointed CFO
100M
Growth of revenue in the last role
31M
Growth of EBITDA in the last role
100M
Growth of revenue in the last role
100M
Growth of revenue in the last role
REASON FOR THE SEARCH
At first, we didn’t see an urgent need in their buisness, however our organization had a strong presence in a similar field as the Private Equity firm. When we understood that they were planning to expand, we reached out and they expressed a desire to work with us.
THE PRIVATE EQUITY FIRM
Trivest is a private investment firm that focuses on partnering with founder-led, lower-middle-market companies across a wide range of industries. Established in 1981 and based in Coral Gables, Florida, Trivest has built a reputation for its extensive experience and expertise in acquiring and growing businesses.
With a commitment to long-term value creation, Trivest primarily invests in family-owned or entrepreneur-led businesses seeking growth capital, assistance with strategic initiatives, or support in executing transformative transactions. The firm has successfully completed over 300 transactions and has a proven track record of fostering growth and profitability in its portfolio companies.
Trivest’s investment approach involves collaborating closely with management teams to implement operational improvements, strategic acquisitions, and organic growth initiatives. The firm brings deep industry knowledge and a broad network of resources to support its portfolio companies in achieving their goals.
Trivest’s investment strategy focuses on several key sectors, including business services, consumer products, healthcare, industrial services, and niche manufacturing. By targeting companies with revenue between $20 million and $200 million, Trivest aims to leverage its operational expertise and industry relationships to drive value and enhance performance.
As a long-term partner, Trivest remains actively involved in the management of its portfolio companies, providing guidance and strategic oversight to ensure sustained growth and profitability. Through its collaborative approach, Trivest aims to build enduring relationships with business owners and management teams, fostering a culture of entrepreneurship and innovation.
THE PORTFOLIO COMPANY
Canopy Roofing is a company that upholds principles of quality service, trustworthiness, ingenuity, honesty, and leadership. They prioritize providing their customers with high-quality service in a timely manner while building trustworthy relationships. Their experienced staff demonstrates attention to detail and creativity, effectively transforming roofing problems into solutions. The company values openness to suggestions and improvements, emphasizing detailed and truthful communication. Canopy Roofing sees their customers as teachers and aims to provide top-of-the-line professional services, intending for mutual growth and long-lasting business relationships.
Canopy Roofing offers various services, including re-roofing, roof repairs, and inspection services. They provide top-quality roofing products such as dimensional shingles, cement or clay tiles, and standing seam metal roofs. Using high-quality underlayment, they ensure efficient and effective roof systems with craftsmanship backed by product manufacturers. Their trained and experienced roof specialists accurately identify the source of leaks and replace or reseal damaged areas to create dry homes. Additionally, their inspection services provide honest and thorough documentation, aiding in interactions with insurance companies, public adjusters, or trade contractors.
WHY RAW SELECTION
The Private Equity firm was having trouble seeking someone who fit the search requirements. They needed someone who was highly qualified, had a proven track record in managing successful exits, mergers and acquisitions, and adept at operating within comparable industries. Due to a lack of clarity regarding the specific desires and requirements of the client, the selection of profiles we presented were smaller than our usual searches.
However, we continued to maintain consistent communication with the candidate during the entire recruitment process and successfully obtained a comprehensive understanding of their qualifications and alignment with the organization’s objectives. From this, we were able to present them with a candidate that fit the exact requirements and was an excellent culture fit.
THE PROCESS
To secure the candidate, Raw Selection followed their extensive 15 step process to ensure a great match was found for the vacancy.
Raw Selection went above and beyond in this search for a CFO by following through with 15 step process, developed a strong rapport with the candidate, thereby facilitating a candid exchange of thoughts and enabling effective communication with the client. We also offered comprehensive assistance and guidance to the candidate, prioritizing their comfort and well-being throughout the entirety of the process.
Overall, Raw Selection completed a very successful search within 1 week. Canopy Roofing now has a CFO to drive the business forward and bring it to new heights.
Raw Selection commences every search by discussing and understanding the full search requirement and brief. Raw Selection’s Associate, Mohammed Vali, led the search and with the cooperation of the hiring managers at Trivest, they built out a full picture of the company, the employees, the culture, and exactly the type of profile that was needed to succeed in this position.
Raw Selection followed our extensive 15-step search process. However, had already found an individual who was a great fit an therfore the process was shortened and we were able to present a candidate immediately. Raw Selection identified an exceptional individual, Joe Medlin, who was subsequently hired for the role.
THOUGHTS ON THE SEARCH
The search for Joe was incredibly fruitful, as he possesses an outstanding character and an impressive professional history. Joe is a highly accomplished Chief Financial Officer with a strong and comprehensive background. He has extensive experience and remarkable interpersonal skills. Throughout the hiring process, Joe consistently demonstrated exceptional aptitude in finance-related matters, along with effective communication skills and a composed demeanor.
Mohammed Vali- Associate at Raw Selection
THE CANDIDATES THOUGHTS
It has been fantastic working with Mohammed Vali during the course of my next career step. Mohammed is a true professional ranging from his ability to communicate difficult details (it was a very circuitous path that led to my current role), to his courtesy and respect for busy time schedules, to his hard work in finding quality companies. Further to the point of hard work, there were many days I heard from Mohammed on weekends, during his holiday, and well past midnight in his time zone (One would never know from his responsiveness to emails and calls that he wasn’t just next door!).
Mohammed demonstrated true concern for me as a person and as an executive. He sought roles with great companies. He checked on my well-being multiple times even after decisions were finalized. He recognized the work and accomplishments that have marked my career and his enthusiasm for working with me was energizing.
I highly commend Raw Selection for selecting Mohammed. He is a fantastic asset to your organization.
Joe Medlin- CFO for Canopy Roofing
GET IN TOUCH
Raw Selection favors a meticulous approach to talent research. Our process for selecting the right talent means we can boast a 100% success rate for all our retained and engaged C-Suite clients, with 96% of placed candidates still in their roles after 12 months.
If you are looking for new talent, please get in contact with Mohammeed today, at mohammed.vali@raw-selection.com
Get in Touch
Raw Selection favors a meticulous approach to talent research. Our process for selecting the right talent means we can boast a 100% success rate for all our retained and engaged C-Suite clients, with 96% of placed candidates still in their roles after 12 months.
If you are looking for new talent, contact us now.
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