Seeking Insights on Finding Board Advisors

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June 29, 2025

by a searcher from The University of Chicago - Booth School of Business in Dallas, TX, USA

Has anyone found success in bringing on an industry-specific Board Member/Advisor and, if so, how did you approach finding this person? We are looking for advisors in the IT Services, Lab Testing, and Durable Medical Equipment industries to help with due diligence and sit on the Board post-close.
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Reply by a searcher
in Honolulu, HI, USA
I actually spent many months doing this. Go on LinkedIn --> find senior positions who were previously at bigger companies in your industry --> message as many as you can until you find one that fits your criteria. Good luck Conrad and message me if you have any questions!
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Reply by an intermediary
from The University of Chicago in Chicago, IL, USA
Advisors should have broad based expertise. I have been to few firms/individuals. One was a Tier-1 auto parts mfg. firm that we exited for 28 MOIC even though I had no experience in that sector.
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