Turnaround/Value Creation Plan

$48M Land Survey Service

Background

  • The company is the nation’s largest provider of residential and commercial land survey services
  • They operate in 6 states: Ohio, Illinois, Maryland, Florida, Texas, and Virginia
  • The company was acquired by a private equity fund in 2019 to serve as a platform for growth via acquisitions
  • Clients include: title insurance companies, attorneys, homebuilders, real estate agents, mortgage lenders, and real estate developers

Contributions

  • Served as operating partner and then interim CEO
  • Established and executed a Value Creation Plan with immediate strategic priorities
  • Added HR expertise to improve recruiting and training processes
  • Utilized technology expertise to restructure the technology processes and organization structure

Results

  • Increased revenue by 28% and EBITDA by 48%
  • Increased shareholder value by over $20 million or 45%
  • Established and executed strategic priorities
  • Developed and implemented a high volume recruiting and training plan to enable rapid growth
  • Strengthened the leadership team by recruiting and onboarding a SVP of Operations, VP of Lien Services, Talent Acquisition Manager, and Training Manager
  • Recommended improvements to the technology processes that reduced risk and improved effectiveness