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Dynasty Leadership Podcast

It's great if you can pick when you hand over the reins, but what if that time picks you? “Does your company consistently meet or beat the targets you set?" “Do you have the right team rowing in the right direction?" “Is there something going on in your market or company that threatens your growth? "Are you considering transitioning the leadership of the company?" “Is there a clearly articulated long-term strategy?" We specialize in guiding Family-owned businesses with 50-500 employees to become Succession ready.
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Aug 23, 2016

Steve Sapletal is a Merger Integration Leader with over 22 years of experience. He is currently a partner at KPMG where he overseas M&A integration strategy, planning, and execution. In this episode, he discusses with Todd some of the key factors on why a company should bring in an integration team, as well as some of the key mistakes companies make after an acquisition. Transitions are a stressful time for everyone, especially the employees, which is why companies tend to see a drop in productivity when a M&A transaction has been announced. Find out more on how you can ease the transition for everyone on this edition of the podcast.

 

Key Takeaways:

[1:00] Who is Steve Sapletal?

[3:25] If you're looking for help after you've signed the letter of intent (LOI) it's too late!

[7:25] If you're buying this company, what are you really buying it for? You want to define what the deal drivers are early on.

[10:00] Employees want to know what's going on. It's better to be honest with them than to hide it.

[10:35] Once the announcement has been made, expect productivity to go down by 20-30%.

[11:35] How many people should be in charge of the communication strategy?

[13:50] You want to have a 30-day detailed plan, but be prepared that things will change.

[16:05] After a deal has been closed, Steve and his team do twice a day check-ins for the first 7 days.

[16:50] You want to course-correct as quickly as possible.

[17:45] What is the average amount of time it takes for a company to fully integrate?

[20:35] Steve talks about the different types of integration companies and what they offer.

[25:05] What should a business owner look for in an integration company?

[27:45] Steve talks about some of the common mistakes that can happen.

[32:50] So many people forget about company culture. It's usually grouped under HR, but Steve thinks this is a mistake.

[37:15] A lot of companies will take the wrong people and give them integration responsibilities. If you don't have the right person, you need to hire them.

 

Mentioned in This Episode:

www.dynastylc.com

www.home.kpmg.com/

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