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The
partners of J.B. Poindexter & Co., LP began to take
a more active role with the management teams of its
affiliates as the company's perspective shifted from
being an investor to being an owner/manager. They learned
the importance of leaving the subsidiaries' incumbent
managements in place and working with them to improve
corporate strategy, financial performance, budgeting,
and capital expenditure discipline.
Additionally, J.B. Poindexter & Co., LP began to provide
a wider range of corporate services to support the operating
managements of its subsidiaries. For example, the firm
developed the ability to generate external funding beyond
the initial acquisition financing, and it established
internal audit, risk management, information technology,
and human resources capabilities, together with a more
formalized approach to acquisition analysis. |
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