Lead Human Capital Due Diligence and Transition for New Platform

$40M Multi-Site, 120 FTE Leader in PTFE Molding, Machining and Fabrication

BACKGROUND

  • Midwest private equity firm seeks to create a new platform in the high performance, engineered components space

  • First acquisition is structured as an asset transaction to be carved out from a strategic seller

  • Complex carve-out with challenging human capital components

SCOPE

  • Serve as human capital subject matter expert on deal team

  • Oversee human capital diligence efforts of all third-party vendors

  • Diligence HR, payroll, benefits and employment compliance matters

  • Collaborate with deal team, investment bankers, benefits brokers and attorneys

  • Draft workforce communication to include offer letters, restrictive covenants and day-of-acquisition communication

  • Create carve-out plan for all human capital-related workstreams

  • Recommend and engage solutions for payroll, benefits and HR platforms

  • Launch implementation of all workstreams at closing with goal of going live at conclusion of TSA

  • Ensure achievement of all HR, payroll and benefits KPIs documented in TSA Transition and Value Creation plans

Deliverables

  • Served as strategic partner to private equity sponsor on all human capital aspects of establishing new platform

  • Created vision for human capital workstreams and led efforts from diligence through stand-up

  • Forged effective working relationship with seller’s HR team on diligence requests and negotiation of TSA terms

  • Identified pre- and post-close items of import to address in APA, TSA, and 100-day plan

  • Drove and supported negotiation of trust-to-trust transfer of 401(k) assets

  • Delivered thorough workforce communication focused on ownership’s vision

  • Delivered comprehensive, transparent employee Q&A in an effort to quell employee uncertainty

  • Provided counsel to sponsor, company leadership, and HRM

  • Tracked go-live progress on execution of new HCM, new employee benefits platform and new 401(k) plan

  • Removed barriers to execution when needed

  • Achieved all go-live deadlines with positive employee relations and avoided deal-related employee turnover

  • Contributed to strong platform enabling first add-on acquisition within 3 months of original carve-out