New Opportunity: Director of M&A Finance at Fortive

About the Company

Fortive is a new company with deep roots. Our portfolio is built with strong brands that are established leaders in the markets they serve. Our operating companies have long histories of solving customers’ critical needs. We originated from the $20B Danaher Corporation, bringing a committed leadership team and a powerful toolset for continuous improvement along, but our story is really just beginning.

Our successful separation from Danaher in July 2016 gave us a unique opportunity to focus on essential technology businesses driving exciting innovation in field instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution. Our diverse teams around the globe are united by a shared culture and led by a uniquely qualified and experienced executive team.

Our customers and the technologies they depend on are moving faster than ever before. This rapid rate of change creates a world filled with exciting new opportunities, from precision sensors to the Internet of Things. We are more committed than ever to moving essential technologies forward.

At Fortive, we believe in growth. We take on big challenges; we are honest about what’s working and what isn’t, and we work hard to innovate and get better. With a passionate focus on our markets and our customers, we work together to make a genuine difference in the world. We know the only way to achieve these aspirations is though our people — great people equipped with proven tools and an environment that enables them to seize opportunities, imagine the next breakthrough, and create the next innovation.

2018 Key Statistics

Rev: ~$7.2B | Mkt Cap: ~24B | Ticker: FTV (NYSE) | Employees: ~26,000 | Audit Firm: EY

Position Summary

The Director, M&A Finance will be a key member of the Corporate Finance Team and will work closely with executive management, supporting the execution of Fortive’s merger and acquisition transactions. Will play a key role in identifying and measuring sources of risk and/or value associated with proposed transactions by running workstreams including: finance diligence processes, valuation estimation and quantification, target financial and operational analysis, deal term risk assessment, financial model ownership, and ensuring smooth integration post acquisition.

The Company evaluates several hundred situations annually and averages over $1.0 billion in acquisitions each year.  The transactions reach a variety of industries and enterprise values range from several million to billions of dollars.

Essential Duties & Responsibilities

  • Serve as a key member of the team responsible for evaluating potential M&A opportunities.
  • Due diligence - lead and support financial diligence processes by assessing target financial matters and identifying risks and opportunities.  Achieving deal objectives through a cross-functional, team-oriented approach, which will include the hands-on coordination of, and participation in, due diligence efforts throughout the transaction process. Responsible for capturing and synthesizing results of cross functional diligence in the deal model.
  • Accounting analysis – work with Corporate and OpCo finance teams to ensure all relevant deal dynamics that effect the reporting of the transactions are properly considered. Capture impacts in the deal model.
  • Valuation analysis – support Corporate Development team in the analysis of valuation and overall financial projections of the target company.
  • Sale and purchase agreement review – support Corporate Development and Legal in their contract review to ensure the terms and conditions of the contracts are complete, accurate and properly written and are structured to have Fortive’s best interest in mind including items such as working capital mechanisms and closing balance sheet estimates.
  • Transaction execution – work with the Corporate Development team in screening, structuring, negotiating and successfully closing strategic deals to strengthen the company’s portfolio of product and service offerings.
  • Standard work - Own standard work and standard processes for financial due diligence and provide training and guidance to others in the organization on this standard. Make improvements to achieve desired results. Drive continuous improvement in financial due diligence processes.
  • Deal integration – Own the handoff of pre-signing risks and activities to the execution teams.
  • Establish appropriate follow ups with stakeholders.  Improve processes to ensure the health of the company.

Critical Success Factors

  • Must have high intelligence.
  • Ability to prioritize on a real time basis.
  • Be able to influence peers and superiors and be successful in a matrixed organization.
  • Analyze complicated issues and boil down to the key points, develop action plans and bring to a successful conclusion.
  • Must have strong managerial courage – ability to make the tough decision and to not be overly sensitive (thick skinned), be able to effectively play catch ball (idea/issue back and forth discussion) and think on their feet.
  • Display and operate in a way that never compromises ethics and integrity and will be nonpolitical in all dealings with agendas that are above board and understood by all.
  • An independent thinker and self-starter with the bandwidth to multitask and work on several potential deals (at various stages) at a given time.
  • Superior interpersonal skills with an ability to work with people at multiple levels both inside and outside of Fortive (i.e., will frequently work with senior functional executives at Fortive as well as company Presidents and their staffs at target companies.)

Qualifications

  • Highly experienced with mergers and acquisitions advisory, due diligence, valuation techniques, research and integration management. 10+ years of experience desired.
  • Transactions services experience with a Big 4 accounting firm, or similar experience, (minimum 5 years of dedicated transaction services experience).
  • Significant US-GAAP accounting background with ability to adapt to various industries.
  • Thorough understanding of financial and US-SEC reporting, cost accounting, and business processes.
  • Strong quantitative and analytical skills.
  • Demonstrated negotiation skills with the ability to successfully reach solutions to meet the needs of all deal parties.
  • Able to effectively communicate with colleagues in other functions (i.e. Legal, R&D, Finance etc.) with respect to the evaluation of business risks and upside/downside of potential deals.
  • Must be willing and able to travel approximately 20% - 40% of the time both domestic and international. CPA required.

Education

  • BS or BA degree required; MBA preferred

Ready to Apply?

180one is a retained search firm and has been engaged by Fortive to manage this search. If interested in learning more about the opportunity, please contact Rochelle Fleischer at 180one.


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