Why we like this
The Controller will work in partnership with the CFO, CEO and Shore Capital operating partners to develop and implement an accounting and finance infrastructure to support strategic decision making in a high-growth environment. The Controller will be responsible for managing internal controls, maintaining the general ledger, overseeing the financial close process, preparing financial statements, and supporting the opening of de novo locations as well as the integration of acquisitions into the consolidated accounting function. This is a very early stage, entrepreneurial opportunity and the Controller will play a critical role in building out a strong foundation, nearly from scratch, for this investment platform to support rapid, acquisitive growth.
Responsibilities
6-12 Month Key Initiatives:
Shore Capital Partners is is launching a medical aesthetics platform in Austin, TX. They have successfully launched 21 platforms in various specialties of multi-site healthcare. Their exits have yielded a multiple of invested capital of 7.7x and an internal rate of return of 99% on average, which places SCP in the top 1% of private equity firms. This new platform, Empower Aesthetics, will grow through M&A (3-4 acquisitions expected this year), de novo, and organic growth.
Shore Capital Partners ("Shore") is a healthcare, food & beverage, business services, and real estate focused lower middle market private equity firm that specializes in partnering with companies that have between $5 and $100 million of revenue. Shore is focused on making control equity investments within the healthcare services, products and distribution markets; food & beverage manufacturing, distribution, packaging, and related B2B service companies; and B2B and B2C companies providing IT and technology-enabled services, compliance and risk management, environmental and waste services, facility and field services, transport and logistics, and professional services. Utilizing a proactive, research-led investment process, our approach is to support entrepreneurs with capital, business development expertise, and industry knowledge. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation.