Feb 10, 2021
We often write about the importance of a strong exit or acquisition strategy because without one, many transactions fail or don’t reach their potential. We can’t underestimate the process of targeting the right kinds of buyers and negotiating the best possible deal structure for our seller clients. But equally important to the success of the deal is the implementation of a well-managed integration process after the deal closes. Proper integration planning will maximize efficiencies and synergies and set the tone for the future of the business.
On the other hand, a poor integration plan puts the new ownership at risk for loss of personnel and loss of focus that can result in productivity and sales declines, loss of customers and many other issues. The transition period is often a high-anxiety period for everyone involved, but it can be mitigated with a strong integration process.
But what does a strong integration strategy look like? Each will need to be customized to the individual company and its circumstances, but there are common issues that nearly all businesses should be prepared to address.
The common theme throughout the process is open and clear communication with all parties. Whether you have a Human Resources team to manage the integration or you’re doing it on your own, count on the team at O’Keeffe & O’Malley to guide you through this important process. For more information about an Integration Strategy or other aspects of M&A, contact us at 913.648.0185.