Service Area: Interim Leadership
Client Type: Lower Middle-Market Private Equity Firm
Service Provider Type: Fractional CEO
Industry: Retail
A private equity firm needed a fractional CEO to guide its portfolio company, a low-speed vehicle manufacturer and retailer, through significant industry challenges and strategic expansion. The existing CEO was not equipped to manage the turnaround situation effectively.
The portfolio company faced decreased demand and increased costs in a challenging market. The firm needed an experienced leader to help the COO and GM navigate these headwinds, execute the expansion plan and manage relationships with the board and lenders.
Furthermore, the search needed to be confidential since the sitting CEO was not aware of the impending change.
BluWave connected the private equity firm within 24 hours with a shortlist of fractional CEOs experienced in consumer product manufacturing and retail. These leaders were well-equipped to provide the necessary strategic guidance and support during this critical period.
The fractional CEO the company chose from BluWave’s exact-fit options provided crucial support to the company’s leadership team. This interim leader helped stabilize operations, guided the execution of the expansion plan and ensured effective communication with the board and lenders, positioning the company for improved performance and growth.
