Private equity portfolio companies face aggressive goals when they try to expand their business in short-time frames. With acquisitions thrown into the mix, there is added complexity and risk. The projects to accomplish these growth and integration initiatives require dedicated resources and your best resources who are already spread too thin end up being over-utilized.
The best strategy is to find experienced, specialized, interim resources that you can rely on, and have them available on demand. A key area of focus is to have a strong Project Management Office with enough project management talent and project management professionals, and a great process to drive your strategic initiatives. Plan ahead, form these relationships now with strategic staffing and talent companies. Make sure these companies and their team can deliver the breadth and depth of talent required, especially in terms of industry expertise and functional knowledge. Oftentimes, it takes weeks to find the talent which is weeks too late. Form your team now.