PE-CXO’s X-Factor interviews cast a spotlight on proven private equity-backed experts and the tools and tactics they leverage to create enterprise value across a variety of business challenges. Falcon Partner Rob Huxtable recently sat down with Bob Craycraft, a multi-exited, PE-backed CEO, to discuss navigating alignment with your PE firm, from the interview stage to your first 100 days and beyond.
Executive: Bob Craycraft is the CEO of Cadence Petroleum, backed by Wellspring Capital Management. Craycraft is a four-time CEO with multiple exits and experience building PE-backed platform businesses.
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Watch the full interview:
Huxtable: There are varying levels of consistency on how governance alignment between sponsors and management unfolds. What’s the dynamic when interviewing with a new private equity firm? How transparent are they typically? What’s the process like?
Craycraft: It’s an evolving process. Whether you’re meeting a firm via recruiters or going through a sales process with a prospective owner, it’s about establishing credibility. Demonstrate that you have the skills, c...