NONANTUM SECURES CHIEF EXECUTIVE AND NEW PORTFOLIO COMPANY BY INTRODUCTION FROM RAW SELECTION
March 14, 2024
At A Glance
At Raw Selection, we’ve successfully conducted numerous exceptional searches, but this particular one stood out due to its unique nature.
ABOUT THIS PLACEMENT
At Raw Selection, we’ve successfully conducted numerous exceptional searches, but this particular one stood out due to its unique nature. In this placement, Raw Selection introduced a candidate who not only presented an investment thesis but also brought forth a viable business opportunity for the PE firm to acquire. Subsequently, the firm acquired both the business and the candidate, who assumed the role of CEO.
THE PRIVATE EQUITY FIRM
Nonantum Capital Partners, founded in 2018 and based in Boston, is a Private Equity firm focusing on middle-market investments across sectors like consumer, industrial, business services, and healthcare. Named after the Nonantum neighborhood in Newton, Massachusetts, the firm seeks to invest in companies with EBITDA of $15 to $75 million that are at a transition point or need strategic improvements. Nonantum is known for its hands-on approach, working closely with management teams to drive growth and value creation. Emphasizing collaboration, integrity, and long-term value, the firm aims to make a positive impact through its investments.
THE PORTFOLIO COMPANY
Momentum Environmental is a company specializing in providing sustainable, diversified waste, industrial, and environmental services. With a focus on safety and habitually safe operations, the firm offers a comprehensive suite of solutions aimed at addressing complex waste management and environmental challenges. Their services cater to a wide range of industries, demonstrating a commitment to environmental stewardship and the promotion of sustainable practices. Momentum Environmental places a strong emphasis on innovation and efficiency, ensuring that its operations not only meet the current needs of its clients but also contribute positively to the broader goal of environmental sustainability.
THOUGHTS ON THE CANDIDATE
Collaborating with Bill proved to be highly productive, given his exceptional character and distinguished professional trajectory. Bill stands as a seasoned CEO, boasting a wealth of experience and a robust skill set. His expertise spans operational maintenance and remediation, underscoring his proficiency in overseeing complex tasks. Moreover, Bill’s interpersonal finesse and effective communication were evident throughout the hiring process, further enhancing his suitability for the Thesis in environmental services. His contributions reflect positively on both himself and his extensive professional background.
SUCCESS SINCE PLACING THE CANDIDATE
Bill’s addition to Nonantum has significantly contributed to its success, particularly in expanding its portfolio with a new environmental company. Nonantum is poised to capitalize on this growth opportunity through a strategic buy-and-build approach. In addition to acquiring a new business, Nonantum has also secured a capable leader to guide the company towards further achievements. Despite the challenges posed by the current market conditions, Nonantum has completed a transaction in a fiercely competitive landscape.
HOW HAVE WE HELPED THE CLIENT SINCE?
We are presently engaged in discussions concerning CFO candidates within the industry, to strengthen Nonantum’s leadership team in the newly acquired portfolio to facilitate its growth.
GET IN TOUCH
Raw Selection favours 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 clients, with 96% of placed candidates still in their role after 12 months.
If you are looking for new talent, please get in contact with Mohammed 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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