This PE client needed specialist capabilities to support the rapid stand up of a carve out from a major chemical company. Based on our previous partnership with the PE firm when we delivered a fast and clean carve out in the pharmaceuticals sector, they turned to Maine Pointe as a proven, experienced partner.
A transition services agreement with the parent company was due to expire in six months. We had to deliver post-acquisition integration, stand up the new supply chain and, at the same time, conduct value creation activities before the agreement ended.
Throughout the engagement, Maine Pointe’s team worked in close partnership with the PE firm, who had made a significant investment; the parent company, who were providing temporary ‘life support’, and the new team at the fledgling organization.
To deliver at pace, we conducted our analysis prior to the carve out. This positioned our teams to begin implementing a 100-day plan from day one of the new organization. Maine Pointe’s experienced SMEs recognized that an ‘off the shelf’ plan would not meet the needs of the new company which had a large number of new employees and little practical support from the parent company. In the initial phase of the engagement, our peopled bridged the gap while the onboarding process took place, providing boots on the ground to rapidly develop and implement the processes and operations for the new supply chain. At every stage, the plan was 100% customized to meet the specific organizational needs of the new entity.
Despite the significant additional challenges created when the COVID-19 pandemic hit, Maine Pointe’s flexible onsite/offsite delivery model meant we were well-prepared to continue delivering results for our client: