Luck Grove Telecom, founded in 2008, is a fast-growing telecommunications company providing fiber optics surveying, engineering, and construction services.
- Headquarters: Syracuse, NY (transitioning to Tampa, FL)
- Employees: 320+
- Annual Revenue: $25M+
- Growth Trajectory: From $3M in revenue to $25M+ in two years with projections to reach $50M–$100M and 1,000 employees within five years.
Luck Grove Telecom has built its reputation on speed, efficiency, and customer care that outpaces larger competitors. The company also embraces a dynamic community-driven culture with investments in employee training, cutting-edge AI and drone technology. There is strong community involvement.
The Challenge
As the business scaled at an unprecedented pace, leadership recognized the need for a Chief Financial Officer to:
- Provide financial stability and strategic planning during rapid expansion
- Guide decisions on equipment investments, tax planning, and capital allocation
- Prepare the business for potential M&A opportunities and an eventual sale
- Support the company’s relocation of its headquarters to Tampa, FL
- Partner with ownership and the executive team on strategic growth initiatives
The CFO would need to thrive in a fast-moving, entrepreneurial culture while also bringing experience scaling companies from $50M to $100M in revenue.
Why Naviga
Luck Grove partnered with Naviga Recruiting & Executive Search due to our proven expertise in executive search for high-growth founder-led organizations.
We understood this search required:
- A hands-on finance leader with proven success in high-growth businesses
- Experience in M&A and strategic planning
- A leader who could balance immediate financial rigor with long-term expansion goals
- Cultural alignment with Luck Grove’s dynamic younger workforce and innovative spirit
The Solution
Naviga executed a targeted search strategy to identify CFO candidates with:
- Strong backgrounds in telecom, construction, or related infrastructure industries
- Experience scaling organizations from $50M–$100M in revenue
- Deep knowledge of tax strategy, forecasting, and profitability management
- M&A experience and the ability to prepare for a potential future exit
We managed the process from end-to-end, including discreet outreach, in-depth interviews, cultural alignment assessments, and structured communication with Luck Grove’s leadership team.
The Result
Naviga successfully placed a Chief Financial Officer who:
- Brought extensive experience leading finance for high-growth, mid-market companies
- Had a strong track record in M&A strategy and execution
- Offered the financial foresight to support Luck Grove’s ambitious goal of doubling or tripling revenue in the next five years
- Demonstrated cultural alignment with the company’s entrepreneurial and community-driven ethos
Impact
With Naviga’s support, Luck Grove Telecom:
- Secured a strategic financial leader to stabilize operations during rapid growth
- Positioned the company for major expansion into new markets, including Chicago and Tampa
- Enhanced financial planning, tax strategy, and reporting processes
- Created leadership capacity to prepare for future acquisitions and a potential exit
Naviga Recruiting & Executive Search is a leading provider of Executive Search, Contingent Workforce Solutions, Leadership and Individual Contributor hiring, empowering businesses to achieve their strategic objectives through expert talent acquisition. With a commitment to excellence and a deep understanding of market trends, Naviga Recruiting & Executive Search helps organizations build high-performing teams and navigate complex workforce challenges.