Finding the Right Merger Partner
A talented leader with experience in finance and business, Frank LaRosa serves as the president of Elite Consulting Partners in Moorestown, NJ. In this capacity, he and his team provide clients with business and transition consulting services. Frank LaRosa also helps clients navigate merger-and-acquisition transactions.
Before approaching a potential merger partner, business owners must be sure that they fully understand their own company and its strategy. This includes understanding what their company’s culture is, what strengths and weaknesses the company possesses, and what the strategic aims are. Having this knowledge makes it easier for owners to find a compatible merger partner. Not only can they evaluate potential partners based on how much a merger may benefit both companies, they can also be sure that the businesses will function together well and that there will be minimal problems between employees.
In addition to knowing their own business, owners need a merger partner whose leaders are equally knowledgeable about their own company and what it brings to the table. If possible, owners should focus on merging with a company that has good profits and appears as if it will continue growing. This ensures owners merge with a business that will help them move upwards instead of being a drag on progress.
Also, a good merging partner should want to get out of the business or be willing to accept a different role at the new company. When a partner is not interested in this role change, there could be power struggles between the potential partner and the owner of the business looking to merge. This issue may result in merger failure.
Before approaching a potential merger partner, business owners must be sure that they fully understand their own company and its strategy. This includes understanding what their company’s culture is, what strengths and weaknesses the company possesses, and what the strategic aims are. Having this knowledge makes it easier for owners to find a compatible merger partner. Not only can they evaluate potential partners based on how much a merger may benefit both companies, they can also be sure that the businesses will function together well and that there will be minimal problems between employees.
In addition to knowing their own business, owners need a merger partner whose leaders are equally knowledgeable about their own company and what it brings to the table. If possible, owners should focus on merging with a company that has good profits and appears as if it will continue growing. This ensures owners merge with a business that will help them move upwards instead of being a drag on progress.
Also, a good merging partner should want to get out of the business or be willing to accept a different role at the new company. When a partner is not interested in this role change, there could be power struggles between the potential partner and the owner of the business looking to merge. This issue may result in merger failure.
