Saturn Five - Operating Partner

Operating Partner Shepherd lower middle market portfolio companies to thrive. What We're About Saturn Five is a long-term-hold investment firm focused on buying and operating some of the best small businesses in America. We are, technically, a lower-middle-market private equity company, but we're a bit different.

We buy and hold our investments for the long term, and we invest in companies that we're proud of, but most of the private equity market isn't interested in. If you love the impact of well-run businesses and want to play a key role in helping these companies thrive, we may have a seat for you. You can learn more about Saturn Five in our Annual Letters.

The Role: Operating Partner Operating Partners are Saturn Five's primary connective tissue between our funds and the portfolio companies. An Operating Partner works one-on-one with our CEOs and engages with their leadership teams to guide and support them, to monitor our investments, and to help direct key activities like distributions, strategic decisions and large capital expenditures. Think of this as a hands-on board member role.

You’ll engage with three to six of our portfolio companies from the onboarding stage to steady state, and support them at key inflection points. The Operating Partner ensures there’s a regular cadence with the portfolio company leadership: from regular check-ins, to monthly financial reviews, quarterly goal-setting, and annual planning and budgeting. In addition, the Operating Partner is responsible for hiring and onboarding portfolio company CEOs as need arises.

Key Responsibilities

Transition new investments into the Saturn Five ecosystem, including managing transition of banking, insurance, payroll, and internal management systems of the new entities, either through Asset or Stock Purchase Agreements Quickly gain domain expertise in your portfolio companies' respective industries, identifying 'who we need to know' in a given industry and how Saturn Five can be most immediately helpful to new acquisitions at a strategic level Jump in to assist portfolio company leaders with key initiatives - negotiating a new contract, developing and coaching on a hiring plan for a key management role, helping identify new vendors for a critical project, or managing bank permissions and authorities Coach, mentor, and assess company senior leadership Lead CEO/President/GM hiring processes when sellers retire or a leader needs to be replaced Assist portco leaders in the creation and refinement of Annual Operating Plans and Annual Budgets Lead Weekly Metrics calls and Monthly Book Reviews with portco leadership on an iterative journey towards data-driven management Design senior and second-level-leader

Compensation

and incentive programs for individual portcos Roll out the Saturn Five Way (an EOS-informed small business operating system) at new and existing portfolio companies Project targeted quarterly distributions and support portco leaders to achieve targeted results

Who You Are

The position calls for a strong general-management athlete who knows what it’s like to be in the leaders’ seat and understands small business finance, sales, and operations. You’ll excel if you can move from the boardroom to the factory floor or construction site with ease. We like “scrappy” around here, so if you know what it means to roll up your sleeves and serve, and you genuinely enjoy doing so, you’ll like this gig.

You are a mid-career leader who has had senior-level leadership experience, and been in the final decision makers seat.