Whether the buyer is PE-backed or privately owned, acquisitions require white gloves and a strategy to ensure success.
When asked why they left their last position, too often we hear “ The company just wasn’t the same after it was sold…”. Contact ABA Building Blocks for immediate assistance managing your new or recently acquired business.
Communication– How, when and what is communicated to the employees as the transaction approaches and after the closing is critical. Your employees are your most valuable resource, and a mass exodus will damage the brand and ensure your business goals aren’t met.
Culture – whether a merger or just a change of ownership, new owners must understand the current company culture and preserve the aspects of it that make people want to work there.
Org Assessment– when an acquisitionmeans two or more companies’ ownership is changing, conducting an Org Assessment is very valuable for understanding what is working, not working and where there are opportunities to make changes that will be positively received by the employees and therefore benefit the business.
Operations– when two or more companies merge, there is a need to assess redundancies, efficiency and the overall operations of each functional area.
The sale is done but now the most critical component of the transaction begins.
