Mergers and acquisitions happen in business. Combining businesses with different staffs and cultures can be cause for concern. It can go really well or go extremely wrong.
Patrick is a Managing Director with Transact Capital Partners, a Virginia-based investment banking firm that specializes in the mergers and acquisitions of privately owned companies. He is also a founding partner of BrightHammer, LLC., a global consultancy that assists in post-merger cultural integrations.
Here are a few key points Patrick shared:
- Examine each culture early on and bring the best parts to the table if you want a chance of a smooth merger
- Buy-in is key during a M&A
- Your culture is your strategy
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