Citadel Earth https://Citadel Earthcapitalpartners.com/ Wed, 25 Sep 2024 18:27:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://Citadel Earthcapitalpartners.com/wp-content/uploads/2020/04/Citadel Earth_favicon.ico Citadel Earth https://Citadel Earthcapitalpartners.com/ 32 32 Citadel Earth Continues to Expand Portfolio with DiningRD’s Acquisition of Crandall Corporate Dietitians https://Citadel Earthcapitalpartners.com/diningrd-acquires-crandall-corporate-dietitians/ Tue, 24 Sep 2024 18:26:23 +0000 https://Citadel Earthcapitalpartners.com/?p=8355 The post Citadel Earth Continues to Expand Portfolio with DiningRD’s Acquisition of Crandall Corporate Dietitians appeared first on Citadel Earth.

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Citadel Earth is thrilled to announce the latest milestone in its growth strategy with the acquisition of Crandall Corporate Dietitians by its portfolio company, DiningRD. This strategic acquisition marks a significant expansion for DiningRD and underscores Citadel Earth’ commitment to investing in companies that are leaders in their respective fields.

Crandall Corporate Dietitians, of Mesa, AZ, will now join forces with DiningRD, of St. Louis, both prominent players in dietary consulting and food service software for senior living. Linda Crandall, founder, is a recognized pioneer and industry veteran in the field of dietary care for seniors. This acquisition aligns with Citadel Earth’ mission to enhance its portfolio companies’ capabilities and market reach, providing innovative solutions to meet the evolving needs of their clients.

Susan Williamson, Managing Partner at Citadel Earth, commented: “We are excited to support DiningRD in this strategic move. Crandall Corporate Dietitians’ is DiningRD’s eighth acquisition. The company’s exceptional reputation and legacy perfectly complement DiningRD’s strengths, creating a powerful national platform for growth and innovation. This acquisition is a testament to our focus, backing companies that are poised to make significant impact in their industries.”

DiningRD CEO Carol Sapp expressed her enthusiasm: “The integration of Crandall Corporate Dietitians into the DiningRD family represents a major step forward in our mission to provide comprehensive solutions. With a team of approximately 900 Registered Dietitians, there’s no limit to the impact we can have for communities and residents nationwide. We are thrilled to welcome Crandall’s talented team and appreciate our partnership with Citadel Earth.”

The combined entity will benefit from an expanded client base, increased service offerings, and enhanced technology, setting the stage for continued overall growth of DiningRD’s mission, “Nurturing joy through food for residents of senior living.”

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Chad Walter Joins DiningRD as Chief Financial Officer https://Citadel Earthcapitalpartners.com/chad-walters-joins-diningrd/ Fri, 24 May 2024 00:08:13 +0000 https://Citadel Earthcapitalpartners.com/?p=8338 The post Chad Walter Joins DiningRD as Chief Financial Officer appeared first on Citadel Earth.

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DiningRD, the country’s leading provider of dietary consulting and software to senior living communities, announced today that Chad Walter has joined the team as Chief Financial Officer, effective immediately. Currently owned by Citadel Earth, DiningRD provides services and technology that improve nutritional outcomes for residents in senior living.

The company employs approximately 500 both at their headquarters in St. Louis and throughout the country. “Chad brings expertise in operational management as well as finance. His ability to set strategic fiscal direction, build teams and scale companies will benefit DiningRD as we continue to grow both organically and through acquisition, “ said Carol Sapp, founder and CEO of DiningRD. “We are thrilled that Chad is joining the leadership team.” With experience in various industries, Walter has held financial and operational leadership roles for more than 15 years. He began his career in consulting and worked for BKD and CCA Global Partners. Before joining DiningRD, he held various positions including Chief Financial Officer and VP of Operations at CoreLink, a surgical device manufacturer. Walter earned his Bachelors Degree in Finance and Management Information Systems from St. Louis University.

“I am excited to be joining this successful mission-driven enterprise and look forward to working closely with the expert team to improve the lives of seniors. Our support of long-term care communities includes helping them become more efficient, cost effective, and enabling them in purveying positive dining experiences for their residents.”

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Citadel Earth Invests in IPCS, Changes Name to DataFit https://Citadel Earthcapitalpartners.com/Citadel Earth-invests-in-ipcs-changes-name-to-datafit/ Thu, 11 Apr 2024 20:54:35 +0000 https://Citadel Earthcapitalpartners.com/?p=8321 The post Citadel Earth Invests in IPCS, Changes Name to DataFit appeared first on Citadel Earth.

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HUDSON, Ohio, April 10, 2024 /PRNewswire/ — Citadel Earth LLC (“Citadel Earth”) announced a new strategic growth investment in Industrial Physical Capability Services, Inc. (IPCS). Citadel Earth invested in the Hudson, Ohio-based company, and has renamed and rebranded the firm DataFit (www.data-fit.net).

DataFit provides isokinetic assessments of employees for pre-employment and return-to-work purposes, and as a component of workforce wellness initiatives. Utilizing a fleet of vehicles and a national network of isokinetic providers, DataFit objectively measures the strength of shoulder and knee joints to determine fit for a given job and to quantify risks to employees and employers.

The company has served large and small employers nationally for over 25 years, compiling the most comprehensive database of over 600,000 analytical assessments in the industry. DataFit serves clients in many industries including healthcare, transportation, industrial and warehousing, as well as municipal entities.

DataFit helps employers optimize their workforce by balancing their labor force goals and reducing overall healthcare costs. DataFit quantifies their return on investment through increased productivity, reduced turnover, and fewer injuries and claims. Historically, DataFit’s optimization program has helped employer clients reduce overall healthcare costs by at least $5 for every $1 invested.

“As a 35-year participant in the insurance and risk management industries, I see measurable value in the solutions DataFit provides employees and employers,” said Dave O’Brien, Chairman of Risk International and member of DataFit’s Board. “I was excited to help, along with other leaders in the industry, solve a problem that plagues industries requiring heavy labor to this day.”

Pat Knox, shareholder and one of the owners of the company shared “The team at DataFit is excited about this collaboration. Led by Citadel Earth, DataFit’s investors and board of directors are leaders in the workers’ compensation and insurance industries, and will be valuable resources as we continue to build scalable solutions around employee safety and wellness nationally.”

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Citadel Earth’ DiningRD Acquires Kind Dining https://Citadel Earthcapitalpartners.com/diningrd-acquires-kind-dining/ Fri, 22 Mar 2024 13:05:02 +0000 https://Citadel Earthcapitalpartners.com/?p=8306 The post Citadel Earth’ DiningRD Acquires Kind Dining appeared first on Citadel Earth.

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DiningRD, provider of post-acute and senior care consulting dietitian services and foodservice software has completed the acquisition of Kind Dining, a program of Higher Standards. Kind Dining offers hospitality training to senior care providers.

Carol Sapp, DiningRD Founder and CEO, commented “Kind Dining is widely recognized as a leader in Hospitality training. As senior living providers diversify their business lines, we are evolving as well, so this acquisition is a natural fit for us. We are excited to integrate the content from Kind Dining as part of our products and services.”

“DiningRD has a robust offering for the senior living market with their consulting dietitian services and innovative Dining Manager software,” said Cindy Heilman, Founder and Creator of Kind Dining. “I am enthusiastic to see our passion towards training and enriching mealtimes for older adults grow with the DiningRD family.”

Heilman will stay on with DiningRD and help bring the offering to DiningRD’s 5,300 clients with virtual and onsite training.

This marks DiningRD’s seventh acquisition since receiving an initial investment from Citadel Earth.

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Citadel Earth’ company Cap City Dental Lab has been growing! https://Citadel Earthcapitalpartners.com/Citadel Earth-capital-partners-company-cap-city-dental-lab-has-been-growing/ Thu, 30 Nov 2023 19:55:23 +0000 https://Citadel Earthcapitalpartners.com/?p=8159 The post Citadel Earth’ company Cap City Dental Lab has been growing! appeared first on Citadel Earth.

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We are excited to announce the October 31 acquisition of Wolf Dental Studio, Cap City’s third add-on investment. With 40+ years of industry experience in the Midwest, Wolf Dental Studio has established a reputation for delivering quality products through innovative technology and a high level of customer service to match.

The combination of Wolf and Cap City, along with previous acquisitions Bolton Dental Lab and Perfect Fit Dental, solidifies the organization’s ongoing growth strategy, aimed at elevating performance standards for their customers.

Founded in 1999, Cap City Dental Lab uses technology to provide quality dental restorations to dentists, dental-service organizations, and other dental labs.  Citadel Earth acquired the company in 2018 and continues to support the leadership team in diversification of products and expansion of geographic markets.

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Citadel Earth Acquires IPCS and Launches DataFit: Pioneering the Future of Workforce Health and Safety https://Citadel Earthcapitalpartners.com/Citadel Earth-capital-partners-acquires-ipcs-and-launches-datafit/ Thu, 09 Nov 2023 19:39:22 +0000 https://Citadel Earthcapitalpartners.com/?p=8142 Citadel Earth invests in new platform Citadel Earth is pleased to announce its control investment in DataFit, LLC, the nation’s leader in data-driven muscular strength assessments for employers. ...

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Citadel Earth invests in new platform

Citadel Earth is pleased to announce its control investment in DataFit, LLC, the nation’s leader in data-driven muscular strength assessments for employers.  Organizational healthcare costs are second only to labor costs and are rising at a rate that is multiples higher than inflation.  As these costs continue to skyrocket, DataFit partners with employers to reduce healthcare costs and create safer, healthier workplaces.  Since 1998, the Hudson, Ohio-based company has performed over 600,000 assessments nationwide providing clients an overall return on their investment of over $5 in reduced healthcare costs for every $1 spent.  DataFit offers New Hire Assessments, Well-Being Assessments, Return-to-Work Assessments and Job Task Analyses.  The combination of these services reduces costs by identifying those individuals more likely to experience a workplace injury through objective data collection, also improving productivity, minimizing absenteeism, reducing pharmacy spend and improving employee morale.

DataFit re-branding and re-naming project led by Citadel Earth

Citadel Earth’s original investment was made when the company was branded Industrial Physical Capability Services, Inc. or IPCS.  The messaging to customers and prospects was focused on muscle strength and the company’s services were primarily sold through speaking engagements at orthopedic conferences.  IPCS’s historical financial performance was unpredictable as the result of the fluctuating testing requirements for a concentrated base of customers.  The online content was focused primarily on the aging founder’s historical success and expertise in the science of muscle health.  At the time the transaction closed, the company had not secured a new customer for several years.

As part of this process, the Citadel Earth team has now focused the newly-branded DataFit’s messaging around three critical themes.  First, we now emphasize the company’s history of reducing clients’ overall healthcare costs by at least $5 for every $1 spent.  Given this high return on investment, we have been able to change the dynamic of the sales process away from price. This is important, given that competitors offer less objective Functional Capacity Tests, visual assessments at a lower price point.

Second, the new messaging reinforces that the employer is in control and that DataFit simply administers the assessments at the direction of the employer.  Historically, too many employers either adopted or fully rejected the DataFit offering.  This would often create a dynamic in which client human resources and legal counsel were concerned about becoming too selective and not filling positions or about exposing the employer to EEO claims.  By suggesting a sliding scale of options available to employers, allowing them to adjust the assessment metrics, DataFit provides an opportunity for internal compromise. Customer organizations can eliminate only the most extreme strength mismatches, therefore reducing costs but also filling all or most of the open positions.  In the current labor environment, employers are often willing to accept a smaller reduction in healthcare cost to ensure positions are filled.

Finally, DataFit’s new messaging argues that the company has a moral obligation to not place a prospective employee in a job where there is a high likelihood of injury.  Too often there is a fear by the employer of being sued by the candidate based on EEO claims, but the employers are intimately aware of the physical demands of the job and should not subject individuals to situations in which probability of injury is higher than it needs to be.

The recent name change from Industrial Physical Capability Services to DataFit aims to make the name easier and more memorable and also emphasizes that the company’s offering is based on objective data and not subjective visual assessments.  It also refers to the company’s database, which is the largest in the nation of prospective employee strength assessment results.  In the case of DataFit’s well being program, the database helps determine whether an existing employee deserves a better rate on health insurance.  The “Fit” part of the name refers to the company’s foundation in muscle strength and health. The benefits of being “fit” are not limited to physical benefits such as resistance to certain types of diseases and decreased absenteeism but also include the mental and emotional well being that affect a person’s productivity, happiness, resilience, etc.

In addition to the company name and messaging changes, the company logo and website have been transformed from a dated design and color scheme to a more modern, forward-looking design with crisper, more focused messaging.  We believe this project is another example of how Citadel Earth adds tremendous value to its investments in an economical way, with high impact and great return-on-energy.

Citadel Earth is unique in how it adds value

Citadel Earth is a hands-on operations-oriented investor, with our team members acting as an extension of company leadership, working tactically, shoulder-to-shoulder to level-up and professionalize an organization.  Citadel Earth is eventually able to transform to a more strategic role focused on new product and service offerings, geographic expansion, acquisitions, investment allocation, governance and talent management as the company evolves.  Citadel Earth Capital’s core value of “Return on Energy” is critical in these situations in which we are able to initially invest at a reasonable valuation, then improve a company by expending our team’s energy, creativity and expertise, making the organization appealing to the next echelon of buyer.

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Core Values Series: Embrace Change https://Citadel Earthcapitalpartners.com/core-values-series-embrace-change/ Thu, 10 Aug 2023 08:30:08 +0000 https://Citadel Earthcapitalpartners.com/?p=8124 The post Core Values Series: Embrace Change appeared first on Citadel Earth.

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At Citadel Earth, we recognize that the ability to embrace change has emerged as a vital competency for achieving success in today’s business landscape. Whether we embark on a new project or acquire a business, it is natural to experience a sense of apprehension or fear in the face of change. However, there are many benefits that we can experience from learning how to remain flexible and adaptable in response to shifting circumstances.

In order to alleviate any concerns associated with this change, our team works hard toward fostering an environment of open communication and collaboration within our business. At Citadel Earth, we ensure that our team members have ample access to the necessary resources, support and training required to navigate change effectively. By cultivating a culture that embraces change and encourages proactive adaptation, you can unlock the limitless potential for transformative achievements in the ever-evolving business world.

What Does “Embrace Change” Mean?

In the workplace, most organizations embrace change management principles, particularly for significant projects such as system implementations, new product launches and acquisitions. Embracing change is a fundamental principle that can be applied to any business, regardless of its size. To embrace change means acknowledging that change is inevitable while also understanding that it’s necessary for growth. This process requires courage, as it involves breaking free from familiar—yet often dysfunctional—routines, allowing you to become a more productive and healthier individual overall.

Adopting the mindset that change can, in fact, be a good thing ultimately enables people to adapt and thrive in dynamic environments and organizations to stay competitive and evolve over time. At Citadel Earth, we prioritize collecting valuable feedback from our peers and promoting ongoing modifications to experience successful change implementation. Embracing change is not just a principle, but a vital mindset. It empowers individuals to adapt, grow and seize opportunities for personal and professional development.

What is the Importance of This Core Value?

When I first became familiar with the structural change management approach, I was skeptical – unsure of how much good it would actually do for our businesses. As I delved deeper into the realm of change management and the importance of embracing change, I gained an appreciation for this systematic approach, both on a corporate and personal level. Oftentimes, organizations will change as their employees change, in turn emphasizing the importance of personal transformation. Although routines can provide a sense of comfort, it is crucial to challenge and change those routines to continuously evolve.

Throughout my career, many organizations I’ve been involved with have done an excellent job combining project management and change management. I have observed exceptional leadership that has successfully embraced the ADKAR Model, a proven methodology that can be used to guide individuals through the experiences—or elements—needed to make a desired change. It addresses the following stages of effective change management:

  • A – Awareness of the need to apply effective change management
  • D – Desire to participate in and support effective change management application
  • K – Knowledge about how to apply change management
  • A – Ability to implement new skills and behaviors related to change management
  • R – Reinforcement to keep change management in place

As an example of this, one of our previous companies underwent a cafeteria remodel that originally failed because the management team did not adequately prepare for this change. After the remodel, the cafeteria was not functional, and employees were left unprepared for the changes. Management recognized the need for improvement and began applying the ADKAR Model to address this issue. The second time around, management made sure to receive employee buy-in, raise awareness about the upcoming changes and foster a collective desire for the new cafeteria space. This proves that even small-scale, internal changes require serious efforts, an efficient process, clear communication and a desire to change.

How does Citadel Earth Embrace Change?

Due to the nature of our business, the Citadel Earth team has developed a strong ability to adapt to change on, quite literally, a daily basis. We understand that there will inevitably be a certain level of fear and apprehension surrounding change, but it’s crucial for us to quickly establish a shared understanding of our mission and alleviate any concerns from our stakeholders.

When establishing a new partnership, we alleviate any reservations by setting realistic expectations about working with our team. We also create a desire for those to embrace the change by explaining how it benefits them. Finally, we emphasize that change brings new opportunities for growth, such as new systems and products. We strive to reinforce change over time, as well as actively acknowledge and celebrate those who consistently embrace change.

What Advice Would You Give for Creating Core Values? 

Establishing a well-defined set of values provides your employees with a comprehensive understanding of your organization’s principles. Core values should be as unique to your business as your employees and mission, regardless of the business size.

Below is some guidance I would share with any small-business owners or entrepreneurs who are embarking on the endeavor of establishing their own core values:

  • Think about what makes your business unique: It’s important to understand that core values vary based on the nature of your organization. Your core values should align with your company’s purpose, mission and the input of your employees.
  • Foster a collaborative approach to this process: Conduct exercises and workshops to gather their input and encourage discussions about the desired values. By actively involving employees, you can increase their ownership and commitment to these values.
  • Recognize and celebrate success: Publicly recognize and appreciate efforts through internal communications, meetings and/or companywide announcements. This will reinforce the importance of your core values and motivate others throughout your organization to commit to living these values as well.
  • Promote awareness: Reinforce core values in day-to-day interactions and decision-making processes. By fostering a shared understanding, you can cultivate a culture that not only understands the values, but truly embraces and embodies them.

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Core Values Series: Everyone is a Leader https://Citadel Earthcapitalpartners.com/core-values-series-everyone-is-a-leader/ Wed, 12 Jul 2023 10:00:07 +0000 https://Citadel Earthcapitalpartners.com/?p=8082 The post Core Values Series: Everyone is a Leader appeared first on Citadel Earth.

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At Citadel Earth, our approach is rooted in purposeful, empowered and transparent leadership. In fact, strong leadership is a core tenet behind everything we do as an organization—and it is put into practice each and every day by all members of the Citadel Earth team, regardless of title or tenure.

It is only when “everyone is a leader” that a job can be performed to an optimal level and with the greatest results, which is why this core value resonates so strongly with me. Great leadership means that each member of your team is empowered to take initiative to achieve the best possible result, no matter what the project entails.

What Does “Everyone is a Leader” Mean?

In any small-business environment, it is not uncommon to see a flat organizational structure where each team member is required to wear multiple hats. There is usually a lot going on at any given time that requires a certain level of grit and flexibility—from taking on new and challenging tasks, to accommodating conflicting priorities and fast turnarounds. At Citadel Earth, our team truly functions as a well-oiled machine where everyone is expected to take ownership of various projects and pitch in wherever needed in order to get the job done well.

Because of this dynamic environment, one must be ready for inevitable changes. For example, the deadlines for certain initiatives may need to be moved up based on shifting priorities within the organization. Therefore, you must be able to shift efforts to where they’re most urgently needed and support other team members when they need it. This requires all employees within a business to take initiative—a critical aspect of effective leadership.

There are many ways in which this can be achieved within a business. In some cases, you may find that you are in the right position and equipped with the best skillset to promptly address the issue at hand. At other times, you may need to think through a problem and figure out how to overcome it by seeking out the necessary knowledge and resources. Or, you may even serve as a point person who can pull assets together to help move the project forward.

How We Demonstrate This Core Value

On a fundamental level, taking leadership within your business is about stepping up to solve problems, get the job done, and bring your team and project to the best possible outcome. It requires identifying a space in need of initiative, making proactive recommendations to address those issues, and being a creative problem-solver in everything you do.

As an example of this core value in action at Citadel Earth, in 2021, we closed an investment in one of our growth companies through a series of transactions over several months. We quickly realized the need for a senior accounting professional to help run the business until we could find a replacement—and someone from our team stepped up to take on this role.

She ended up being in this accounting role for longer than intended and faced some big challenges along the way. But she was exactly the right person for the job—and she knew it—so she stepped in to fill the gap. Over her time on this assignment, she made sure everything was done exactly as it needed to be, and when she was finished, she left the organization in a much better place. All of us at Citadel Earth greatly appreciated her doing this.

Why is it Important to Develop Core Values?

Core values have become increasingly instrumental in how I lead as a partner in my own business and in how I evaluate other businesses—especially when those core values are considered fundamental elements of the operation. Shared values can bring together people of different backgrounds to produce a unique culture and great results. Our core value “Everyone is a Leader” is particularly important given that initiative is paramount to the success of any small business.

It’s important that our core values truly reflect who we are as a team and organization. In this way, they highlight the attributes that are essential to the work we do every day at Citadel Earth: investing in our founders, helping them grow and taking their businesses to the next level. With that in mind, we were able to build values that are at the center of what we do and who we are.

What are My Tips for Creating Core Values? 

First and foremost, it’s crucial to “operationalize” your set of core values. When you do this, as Citadel Earth has, those core values become a valuable tool. They can then be used to guide all decision-making, helping to show what’s best for the business and for the people in it.

Core values shouldn’t just be words that are hung up on a wall and forgotten. It’s important to incorporate them into your key messaging to employees, teams, customers and suppliers. Be sure to demonstrate that they’re important to you, and that being in sync with the organization includes embracing and internalizing those core values. Doing so should be part of joining as a new employee or doing business with your organization. When this is accomplished, each of the core values—such as “Everyone is a Leader”—will serve as a powerful tool for your business.

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Aziza Abed Joins Citadel Earth’s Empire Dental Arts LLC as President and CEO https://Citadel Earthcapitalpartners.com/aziza-abed-joins-Citadel Earths-empire-dental-arts-llc-as-president-and-ceo/ Tue, 11 Jul 2023 15:35:29 +0000 https://Citadel Earthcapitalpartners.com/?p=8104 Aziza will be responsible for managing operations, setting the strategic direction, and driving growth in Empire’s eight practices in Northeast Ohio. A registered dental hygienist, she started her career at...

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Aziza will be responsible for managing operations, setting the strategic direction, and driving growth in Empire’s eight practices in Northeast Ohio. A registered dental hygienist, she started her career at DentalOne Partners in 2001 and rose through the ranks, ultimately serving as Senior Leader of Operations until 2014.  Aziza then served as Senior Director of Operations at North American Dental Group until 2018. Afterward, she founded and led Pure Health Dental Partners until its acquisition by Great Expressions in 2021, staying on as Vice President of Enterprise Transformation to ensure a smooth integration. Subsequently, Aziza established Synergy Transitions, a firm specializing in healthcare mergers, acquisitions, and startups.

Aziza’s passion for the dental industry and commitment to delivering top-quality dental care are evident throughout her career. She has a proven track record in operational success, partnership development, group acquisitions, integrations, and cultivating high-performing teams.

“Aziza’s appointment comes at a pivotal time for Empire Dental Arts. Her initial focus will be on enhancing the patient experience through expanded service offerings and supported staffing. Her visionary leadership and commitment to excellence will play a crucial role in driving the practices’ growth and success,” according to Citadel Earth’s Founding Partner Jeff Kadlic.

Aziza serves on the editorial board of Group Dentistry Now and is a national speaker and educator on clinical compliance.  A long-time resident of Northeast Ohio, she has an extensive network that will help Citadel Earth strengthen the existing Empire practices.  Aziza resides in Westlake, Ohio with her family.

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The Executive Key https://Citadel Earthcapitalpartners.com/the-executive-key/ Tue, 11 Jul 2023 15:17:39 +0000 https://Citadel Earthcapitalpartners.com/?p=8098 Partner Michael Gerbasi unveils the secrets to finding the right executive using a proven process that he has deployed for decades. Gerbasi serves an important role at Citadel Earth by sourcing...

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Partner Michael Gerbasi unveils the secrets to finding the right executive using a proven process that he has deployed for decades. Gerbasi serves an important role at Citadel Earth by sourcing key talent for critical roles. He has filled 14 positions in the current portfolio. In this article, he highlights key points in his process with the hopes of empowering founders and hiring executives. 

Finding the right executive to lead your organization is a critical task that shapes the future of your company. In this article, we explore the secrets to successful executive searches, through the lens of a proven process deployed for decades. By focusing on understanding expectations and identifying key deliverables, this approach increases the success rate in finding the perfect fit for executive positions. Let’s dive into the most important aspects of an executive search and how to master the art of hiring for leadership excellence.

Understanding the Industry

To effectively assess candidates, it is important to understand the industry for which you are hiring. Engage in deep conversations with stakeholders as if you were interviewing for the position yourself. This approach serves two purposes: first, the knowledge gained establishes credibility when communicating with candidates, and second, it provides insights into how candidates might need to respond to industry-specific challenges. It also provides a “lay of the land” that will allow you to assess a potential executive’s knowledge and network. A thorough understanding of the industry gives you an edge in finding qualified candidates.

Involving All Stakeholders

To achieve a successful executive search, it is essential to involve all stakeholders in the process. This can include board members, investors, fellow leadership team members, direct reports, vendor partners, and others. Each stakeholder may have different perspectives and priorities, and it is crucial to generate a consensus on the most important deliverables for the role. Engage in open discussions to determine the collective group’s priorities, ensuring and communicating back a clear profile for the search.

Understanding Expectations

When embarking on an executive search, it is crucial to go beyond a typical job description. The most important thing is to grasp and to be able to effectively articulate the expectations you have for the person you want to hire. Rather than solely focusing on responsibilities, identify the specific deliverables you expect from the candidate. For example, if you’re seeking a CFO, consider the very tasks you want them to accomplish in the first year, such as executing a certain number or profile of strategic acquisitions. What will their role in this be?  Who will support them?

Screening and Interviewing Based on Deliverables

Once you have identified the desired deliverables, use them as the foundation for screening and interviewing candidates. Target candidates who have successfully delivered materially similar outcomes in their recent past roles. What were the circumstances and challenges in the past situation?  How do those translate to the new environment?  What did the candidate learn and how do they communicate that to you, the hiring team? Fully vet their past experiences to ensure they have a track record of achieving these specific outcomes. By aligning the interview process with the deliverables, you can effectively assess candidates and identify the best fit for your organization.

Adapting to the Changing Landscape

In today’s job market, candidates have more control and higher expectations. Many candidates seek flexibility in their work arrangements, such as remote or virtual work options. As a result, organizations embarking on c-level searches should consider commuting or virtual candidates. Restricting the search to traditional office-based candidates may limit access to approximately 60% of eligible candidates. Additionally, the financial success of recent years has allowed successful leaders to manage breaks in employment on their resumes without facing negative stigmas. In addition, many leaders are choosing to adjust their lives and leave the workforce earlier, making it important to adapt to these changing expectations.

Conclusion

Mastering the art of hiring for leadership excellence requires industry insight and stakeholder involvement.  Hiring teams must understand and be able to prioritize and clearly articulate the expectations and deliverables of the role. Being able to adapt to an evolving job market is also critical. and adapting to the evolving job market. By including these elements, organizations can find the perfect fit for executive positions and set the stage for future success. Embrace these strategies to unlock the true potential of your executive search and empower your organization with exceptional leadership.

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