Business Development Associate

Position Title:    Business Development Associate

Reporting To:     Chief Development Officer

Location: Chicago, IL

Company: Thrive Physical Therapy Partners

Company Overview

Thrive Physical Therapy Partners (“Thrive”) is a physical therapy support organization with the mission of improving the lives of clinicians, patients, business owners and team members by providing proven non- clinical business support services in a collaborative and clinician-focused environment. Thrive acquires, invests in, and partners with leading outpatient physical therapy clinics in the greater Midwest. Thrive provides non-clinical support, resources, and scale so that clinicians and team members can focus their time on delivering exceptional patient care. More information on Thrive can be found at www.ThrivePTPartners.com.

Tyree & D'Angelo Partners ("TDP") is a private equity investment firm that focuses on control investments in the lower middle market (companies with $1-5M of EBITDA).  We look for investments where we can establish true collaborative partnerships with business owners and management teams that will lead to substantial value creation over a long-term investment horizon. TDP’s track record of building high-growth and lower risk companies is driven by a buy & build investment strategy, that is based on tested methods of value creation and a true partnership approach with executives and business owners.  TDP works in collaboration with executive leaders utilizing an investment thesis driven process designed to build companies with a differentiated customer value proposition. TDP invests in the healthcare, consumer, and business services sectors, focusing on high-quality founder owned businesses that we can grow with our high probability of success process.  TDP companies have completed over 1,000 partnerships, have grown to over $4 billion of enterprise value, and TDP has over $1.4 billion of capital under management.  For more information, please visit www.TDPfund.com

Thrive is seeking a hands-on Business Development Associate to join the high-growth, fast-paced, and driven team. The chosen candidate will focus on lead generation, prospecting, relationship building, pipeline management, and target achievement, while being enthusiastic about the physical therapy space and a team player.

 

Primary Job Responsibilities

• Primarily generate leads through cold calling efforts
• Support other lead generation efforts such as conference attendance, marketing campaigns etc.
• Build deep pipeline of future acquisition opportunities
• Outbound prospect qualification and company research
• Manage and maintain prospect database ensuring accuracy and integrity
• Work closely with business development team to progress leads through the deal cycle
• Assist in marketing campaigns
• Manage outbound mailing program and track response rates
• Assist in additional administrative tasks as needed
• Be a team player in a fast-paced and entrepreneurial environment

 

Requirements

• Bachelor's degree in business, marketing, or a related field (or equivalent work experience).
• Proven experience in sales, lead generation, or business development roles.
• Excellent communication skills, both written and verbal, with the ability to articulate complex ideas effectively.
• Strong interpersonal skills and the ability to build rapport with business owners.
• Self-motivated and target-driven mindset with the ability to work independently and as part of a team.
• Results-oriented approach with a track record of meeting or exceeding sales targets.
• Proficiency in using CRM systems and sales productivity tools.
• Strong organizational and time management skills to handle multiple prospects and tasks simultaneously.
• Adaptability and willingness to learn about new industries, products, or services.
• Knowledge of market research techniques and industry analysis is a plus
• Local to the Chicago, IL area/willing to relocate

 

Compensation

• Base salary of $55,000 plus uncapped commission potential with OTE of around $75-85K