THE PORTFOLIO COMPANY

This confidential portfolio company is a high-margin, multi-location laboratory testing business, offering quality, quantity, and environmental testing services across the U.S. The business operates through a simple and scalable model with 23 locations and generates $150M in revenue and $35M in EBITDA. With a 60% gross margin and ambitions to double EBITDA via strategic acquisitions, the company is preparing for a future exit. The current HQ transition to Denver supports a hybrid work model, empowering a largely remote leadership team while maintaining facility-level operational presence.

THE PRIVATE EQUITY FIRM

The Private Equity firm is a well-established investor with $4.4B in assets under management. The firm executes control buyouts and growth capital investments in the lower mid-market, focusing on companies with $10M–$150M EBITDA. Known for its hands-on yet founder-friendly approach, the firm prioritizes bolt-on execution, professionalization, and strong partnership with management teams. With deep operating partner support, the firm collaborates on transformational growth strategies and long-term value creation.

THE CULTURE

The company embraces a people-first, transparent, and empowering culture. The CEO maintains strong alignment through frequent site visits and a non-micromanaging leadership style. The culture promotes collaboration across all levels, ensuring finance acts as a bridge between strategy and operations. Recent investments in employee well-being and safety underline the company's commitment to its people.

VISION What does success look like in this role?

• Acts as a strategic partner to the CEO to drive commercial success and execute business initiatives.

• Develops visibility into financial and operational data to inform decision-making.

• Builds and scales a high-performing finance function, delegating transactional tasks.

• Drives M&A execution and integration to achieve EBITDA growth from $35M to $70M.

THE ROLE

The CFO will be responsible for:

• Serving as a strategic advisor and commercial partner to the CEO.

• Leading financial strategy, planning, budgeting, and forecasting.

• Building dashboards and KPIs for 23 locations to support operations.

• Leading acquisition diligence and integration, including financial systems and reporting.

• Reporting to the Private Equity firm on key financials, cash flow, and exit readiness.

KEY SELLING POINTS OF THE ROLE

• Opportunity to scale a high-margin, niche services business with industry tailwinds.

• Work closely with a seasoned CEO with multiple PE exits.

• Significant equity upside potential ($10M–$15M at 3x return).

• Build strategic finance from the ground up with full autonomy.

• Supportive and transparent company culture.

KEY CHALLENGES FOR THE ROLE

• Provide accurate, timely financial reporting and analysis to the Private Equity firm.

• Close gaps in data-driven decision-making and analytic capabilities.

• Build a robust M&A integration and FP&A function.

• Operate effectively within a hybrid (or fully remote) environment.

YOUR BACKGROUND

Successful candidates will demonstrate:

• Experience as CFO with at least one Private Equity-backed exit (ideally two).

• CFO leadership in a multi-site Commercial services business.

• Strong M&A integration experience and commercial finance leadership.

• Proven ability to scale finance teams, processes, and systems.

YOUR CHARACTERISTICS

• Empowering and team-oriented leadership style.

• Strategic thinker with strong analytical capabilities.

• Effective communicator with strong interpersonal skills.

• Comfortable operating autonomously and building from scratch.

LOCATION

Denver, Colorado (Hybrid: 80% remote, 20% onsite)

COMPENSATION PACKAGE

Basic Salary: $300,000–$500,000
Bonus: 50%–100%
Equity: Yes – significant upside ($10M–$15M potential at 3x)
401k: Yes
Healthcare: Yes

Raw Selection is an executive search firm working exclusively with Private Equity firms and their portfolio companies across Europe & North America.

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