Case Study: Synventive Molding Solutions
Challenge
As a $150M global designer and manufacturer of plastic injection molding process equipment, this private equity-backed business required experienced leadership to improve its performance and position the company for a transaction. TillmanCarlson was retained by Madison Capital Partners to recruit a new Chief Executive Officer who would improve cash flow, drive growth and attract potential acquirers.
Solution
Recognizing the complexity of leading this Boston based company with significant operations in Europe and no meaningful presence in China, TillmanCarlson recommended a focus on candidates with global experience, P&L responsibility for significantly larger businesses, depth in LEAN manufacturing and process improvement, and exposure to China. In addition, we strongly believed in the strength of Madison Capital leading to our decision to reinvest our fee directly back into the company.
Result
TillmanCarlson successfully recruited a proven CEO who had led a $650M global business, launched operations in China and was skilled in driving LEAN manufacturing management practices. In just two years, the company's operations were strengthened significantly and the company was acquired by another equity buyer resulting in an 800% return to investors.
