Director of Business Development - Tyree and D'Angelo Partners
Chicago, IL
About the Job
Position Title: Director of Business Development
Reporting To: Chief Development Officer
Location: Chicago, IL
Company: Superior Insurance Partners
Company Overview
Tyree & D'Angelo Partners ("TDP") is a private equity investment firm that focuses on control investments in the lower middle market (companies with $1-5M of EBITDA). We look for investments where we can establish true collaborative partnerships with business owners and management teams that will lead to substantial value creation over a long-term investment horizon. TDP invests in the healthcare, consumer, and business services sectors, focusing on high-quality founder owned businesses that we can grow with our high probability of success process. TDP companies have completed over 1,000 partnerships, have grown to over $4 billion of enterprise value, and TDP has over $1.4 billion of capital under management. Please visit www.TDPfund.com for more information.
Superior Insurance Partners is a growing PE-backed insurance brokerage platform that partners with, invests in, and supports leading insurance brokerages. As our partner, you maintain your independence and entrepreneurial culture while gaining customized resources to help you achieve your goals faster. Please visit https://SuperiorInsurancePartnersLLC.com for more information.
We are seeking a Director of Business Development to join Superior Insurance Partners. The Director will be responsible for sourcing, evaluating, leading due diligence, and working with the broader team to ultimately close a large number of high-quality acquisitions and partnerships. The Director will be a key member of the team, with day-to-day interaction with both the company's executive management team as well as TDP.
The candidate will join a highly collaborative and motivated team in a dynamic environment with substantial opportunity to create value and contribute to the company's growth and success. Qualified candidates should demonstrate a strong desire and passion for M&A and business development, working with small business owners, and a great goal-oriented attitude.
Job Responsibilities
- Responsible for the process of identification, evaluation, and execution of acquisition opportunities within a dedicated geographic region
- Owns the responsibility of building and maintaining a relationship with small business owners
- Negotiate and explain deal terms while maintaining a positive working relationship with the business owner
- Partner with senior leadership and TDP to set and execute strategy
- Assist other business development officers in their efforts to obtain new business and retain existing relationships
- Develop and maintain relationships with contacts, customers, and brokers to maintain and expand business
- Lead due diligence (including managing third-parties), valuation analysis, and proposal development for potential acquisition candidates
- Help build post transaction value creation plans with owners to ensure a successful investment post close
- Work with senior management and third-party vendors to efficiently close transactions
- Wear multiple hats if needed and be a team player in a fast-paced and entrepreneurial environment
Requirements
- 5-7 years of M&A experience (investment banking, private equity, corporate development or direct lending)
- Prior experience communicating directly with small business owners
- Prior cold calling experience
- Prior experience at a multi-site acquisition driven organization
- Team player and self-starter
- Advanced in Microsoft Office products
- Bachelor's degree required
- Local to or willing to relocate to Chicago
Compensation
Highly competitive compensation consisting of base salary, deal bonus, and equity package.