Recessions like the one we've lately been through be likely to to make companies stronger—those that survive, anyway. With the economic prospects looking up, therefore, your company may be in a great position to think about getting a competitor or making a strategic acquisition to build up yourself for the years ahead. But obtaining another company is more than just a financial transaction. You have to think about everything from meshing computer systems to sorting out your sales and marketing team.
In other words, making a merger and acquisition is a lot of tough work.
Given that, we asked Paul Burmeister, a partner at Tatum, a nationwide professional services firm that helps executives with all sorts of operational, financial and strategic challenges, for some guidance.
Here’s the 7 steps:
Check your own liquidity and financial health
Make sure your people can see clearly
Define your goals and success factors
Consider M&A candidates
Plan and execute
Create a transition team
Carefully plan and perform the integration
Detailed info at https://www.americanexpress.com/us/small-business/openforum/articles/7-steps-to-a-successful-ma-a-small-business-guide/
Related Links:
http://www.streetinsider.com/Special+Reports/Notable+Mergers+and+Acquisitions+77%3A+%28HZNP%29%28DEPO%29+%28LGCY%29+%28MR%29+%28DNN%29/10706149.html
http://betanews.com/2015/06/12/2015-is-the-year-of-merger-mania/
http://investorplace.com/2014/12/mergers-and-acquisitions-biggest-deals-2014/
http://www.europeanbusinessreview.com/?p=6220
http://www.bbc.com/news/business-27204716
http://www.successfulacquisitions.net/david-braun-speaks-on-using-ma-to-drive-growth-in-biofuels-despite-uncertainty/
