March 13, 2023 – Baillie Parker by ON partner recently assisted in the recruitment of Marti Nyman as the new President and CEO of New Wave Design and Verification LLC (New Wave DV), a provider of high-performance digital electronic interface solutions for defense, aerospace and medical applications. Founder and acting CEO Josh Dirlam will assume the role of Executive Chairman, providing oversight and guidance from a leadership role on the Board.
“Marti has the experience and knowledge to steer the future of New Wave DV without losing sight of our core culture or mission,” said Mr. Dirlam. “I am confident that Marti, with his skills and extensive experience, will accelerate his leadership going forward.”
Previously, Mr. Nyman held a variety of leadership positions, including President and CEO of NDC Technologies (acquired by Nordson Corp.), Chief Growth Officer of Blue Cross Blue Shield of Minnesota, Vice President of Business Development and Commercialization at UnitedHealthcare, as, and senior positions in a number of Fortune 100 companies including Best Buy, GE and ADC Telecommunications.
In his new role at New Wave DV, Mr. Nyman will be responsible for overseeing the day-to-day operations of the company and developing and executing strategic plans that reflect the culture and core values of New Wave DV.
“I am honored to join the New Wave DV organization and to support our team’s efforts to deliver truly market-leading technology to our customers,” said Mr. Nyman. “New Wave DV’s products and services play a critical role in providing mission-critical capabilities to the military, aerospace and medical industries, and I am delighted to be a part of it.”
Related: ON Partners recruits CEO for MemryX
Headquartered in Minneapolis, MN, New Wave DV is comprised of professionals with extensive knowledge in the design, build, test and delivery of aerospace and defense electronic systems. The company focuses on high bandwidth, ultra-low latency, FPGA processing and specialized networking applications.
Proven recruiters
With a primary focus on the technology, consumer, industrial and life science sectors, ON Partners recruits C-level and executive talent for public and private companies, venture capital and private equity firms. The consultants of the company, founded in 2006, work from offices in Atlanta; Boston; Chicago; Kleveland; Dallas; Menlo Park, CA; Minneapolis. MN; San Francisco; and New York. ON Partners has been re-appointed Hunt for Scanlon media CleanTech/Sustainability Top 25, HR/Diversity recruiter 65, Life sciences and health care 50 And Private Equity 100 recruiting power lists.
ON Partners recruits CEO for Royal House Partners
ON Partners recently helped recruit Doug Hart as the new CEO for Royal House Partners (RHP), a CPS Capital-owned provider of residential HVAC, plumbing and electrical services. Partners Baillie Parker and Matt Mooney led the assignment. “We are very excited to have Doug join the RHP team,” said Jason Fenn, Partner at CPS Capital. “Doug is an incredible leader and team builder with a proven track record. We believe Doug’s extensive background in HVAC and broader home services will enable him to fulfill our vision of building a leading provider of HVAC and plumbing services to the residential market.”
Mr. Parker focuses on board, C-level and VP-level appointments for leading private equity and venture-backed firms. His search experience spans a decade of working across a range of roles and disciplines for multi-billion dollar private and public companies. He has conducted over 300 searches for C-level, board and senior executives in a variety of roles.
New acquisition
ON Partners recently acquired Olympus Search Partners and added its founder Ashley Estes as Senior Partner to further expand its market growth in both PE-enabled health and wellness and TMT. Financial terms of the deal were not disclosed. “Ashley brings over 14 years of executive search experience to our team, both in the PE-enabled healthcare and software sectors,” she said Matt Mooney, Co-President at ON Partners. “In recent years, ON Partners has expanded across the health and wellness market, particularly as it relates to private equity-backed healthcare, IT healthcare systems and healthcare technology overall. We see significant demand and opportunity in this sector and Ashley is a wonderful addition to the team. Both their leadership and expertise will be extremely valuable.”
Prior to founding Olympus Search Partners, Ms. Estes was a Director at The Lancer Group. She has been conducting C-level searches for PE-backed portfolio companies across a variety of industries for over a decade. In addition, Ms. Estes also directly conducted the search for board and operating partners for the funds.
Related: ON Partners recruits CEO for POWWR
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Editor-in-Chief; and Stephen Sawicki, Editor-in-Chief – Hunt Scanlon Media
