Carve Out Expert          

When a corporate parent divests a business unit or a private equity sponsor acquires a non-core asset, the difference between value creation and value erosion comes down to execution. Stonehill is the Carve Out Expert that middle market companies and PE operating partners trust to separate, stand up, and stabilize newly independent businesses. Headquartered in Tampa with a national delivery footprint, Stonehill brings senior practitioners directly into the deal — not junior analysts running playbooks — so that every decision, from Transition Services Agreement scoping to Day 1 readiness, reflects real operating judgment.

Carve-outs are uniquely difficult. Shared IT systems, intertwined finance and HR processes, ambiguous customer contracts, and stranded costs all conspire to delay separation, inflate budgets, and erode the deal thesis. As a Carve Out Expert, Stonehill maps the dependencies before they become problems — building separation roadmaps that sequence TSA exits, identify clean-room workstreams, and protect EBITDA throughout the transition. Our methodology has been refined across engagements with Valley National Bank, PODS, FIS, The Melting Pot, and Starbucks Latin America, where operational disruption is measured in customers and quarters, not just dollars.

Stonehill's approach blends Design Thinking with disciplined post-merger integration mechanics. As a Carve Out Expert, we begin by aligning the executive team on a single source of truth: what is in scope, what is out, what stays with the parent, and what must be rebuilt standalone. From there, our embedded practitioners run parallel workstreams across Finance, HR, IT, Commercial, Operations, and Legal — keeping leadership informed through a tightly governed PMO cadence and resolving decisions in days rather than weeks. The result is a Day 1 that feels controlled rather than chaotic.

Private equity sponsors face a particular flavor of carve-out risk: a finite hold period, an aggressive value creation plan, and a portfolio company that has never operated independently. The right Carve Out Expert closes that gap quickly. Stonehill builds standalone operating models, seats interim leadership where needed, exits TSAs on a schedule tied to the investment thesis, and delivers the operational baseline that supports both 100-day plans and longer-horizon transformation. PE operating partners engage Stonehill not just to separate the business, but to position it for the next inflection.

Choosing the right Carve Out Expert is the single most important decision in a divestiture or take-private. Stonehill exists for this work — embedded, senior, and accountable to outcomes rather than activity. Whether you are evaluating a carve-out, planning a Day 1, or recovering a separation that has stalled, our team is ready to step in. The firm that makes middle market mergers work also makes middle market carve-outs successful — on time, on thesis, and on the trajectory the deal demands.