Patina Solutions, which fills talent gaps at companies with consultants, interim executives, and permanent executives, has brought aboard Joseph G. Solari III as managing director-private equity solutions to expand its business with New York and other East Coast private equity shops.
Pointing to Patina Solutions’s network of more than 26,000 seasoned executives ready for assignments on short notice, Solari said he plans to help private equity firms find “those needle-in-a-haystack-type [executives] who can be extraordinary helpful” in both pre-deal due diligence and post-deal execution.
From 2013 to 2019 Solari (pictured) worked at lower-middle-market specialist Saugatuck Capital Company of Shelton, Connecticut. Most recently he served as managing director and partner. Along with his role at Patina Solutions, Solari serves as founder and partner at start-up Greenwich Private Investments. The private investment vehicle makes debt and equity investments in companies in a variety of industries.
Patina Solutions, based in Brookfield, Wisconsin, and employing about 65 people, has grown rapidly since its 2008 founding. It made Inc. Magazine‘s list of fastest growing companies from 2013-2017. The firm, which serves both mid-market and Fortune 100 companies, has hundreds of clients affiliated with private equity firms, according to Solari.
That said, the business remains “Midwest-centric,” said Solari. And its private equity practice, led by Scott Hoffman, a former operating partner at Baird Capital, is just a few years old.
Solari said he hopes to work with some 20 to 50 East Coast private equity clients over the course of the next year. Patina Solutions prides itself on finding candidates quickly–from pre-deal operating partners who can source opportunities, to interim CFOs who can enhance financial reporting, to full-time CEOs, COOs or directors of operations who can execute on an investment thesis.
“My job is to help build the private equity practice by sharing what Patina Solutions can do for my peers,” said Solari. “It’s a story that resonates really well.”