Cindy Koelzer, MBA

Cindy Koelzer is a Principal Consultant at Kestrel Partners with over 15 years of experience in M&A and business model transitions within the high-tech industry. She specializes in planning and executing rapid turnarounds and transformational changes while maximizing synergies.

With a track record spanning 30+ deals—including integrations, divestitures, and strategic partnerships—Cindy has consistently delivered results in the hundreds of millions of dollars. Her expertise covers M&A integration and divestitures, business model transitions (including software-centric and XaaS transformations), commercial capability development, change leadership, and organizational scaling.

Cindy has held leadership positions across organizations ranging from startups to Fortune 500 companies. She has co-owned a small business, advises nonprofits on data strategy, and is a trained public speaking coach. Her ability to work across organizational levels—from executive teams to front-line staff—makes her an effective change leader in complex, high-stakes environments.