Mergers & Acquisitions

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  • 1.  Who hires CM?

    Posted 2024-07-09 11:33

    Who hires OCM to support M&A - the acquiring company or the target company? Anyone have experience where the target company hires you? What was different for you? How did you help them prepare? 



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    Leslie Ellis
    leslie@meaningfulchangeconsulting.com
    Founder & CEO
    Meaningful Change Consulting, LLC
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  • 2.  RE: Who hires CM?

    Posted 2024-07-17 18:43

    I've always been in house when engaged in M&A so my experience may be a little different. Most of the plans I've put together have been on the receiving side and resembled a modified onboarding plan with some process work woven in. I've worked with colleagues on the sending side and their plans looked a lot like a reduction in force plan -- prepare those who are leaving, keep up the morale of those who are staying and figure out how to repair any processes that might have broken along the way. 



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    Amanda Schmoldt
    ACMP Board of Directors
    aschmoldt@acmpglobal.org
    https://calendly.com/aschmoldtacmp
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    Original Message


  • 3.  RE: Who hires CM?

    Posted 2024-07-18 15:49

    Hi Leslie,

    This is a great question.

    I once worked for an organization (acquiring company) that had a dedicated Mergers & Acquisitions (M&A) Integration function.  This M&A Integration function reported under our PMO organization, and our employees (both Project Managers and Change Managers) were responsible for overseeing and tracking the M&A activities using an integrated approach.

    As an OCM Lead, I worked with the M&A function to identify ways we could incorporate acquired employees/customers into our company's culture and overarching ecosystem.  I also met with individuals from the target company to collaborate on the M&A integration workplan.  Ultimately, we were successful in this collaborative effort.

    I believe the hiring of OCM resources for M&A efforts depend on a few variables:

    • The culture of the acquiring company
    • The acquiring company's previous experience (if any) with overseeing and successfully completing an M&A integration (i.e., the buying company may still decide to hire an external firm and/or consultants if they don't have this expertise in-house)
    • The culture of the target company
    • The context under which the target company is being acquired
    • The target company's experience (if any) in integrating into a new company (i.e., they may also decide to staff internally or externally for support with the M&A integration)

    Collectively, I believe these variables help drive how the M&A resources are staffed.

    I hope this helps.

    Gloria Archer, MBA, PMP, CCMP, PROSCI, ITIL
    gloria@evolvsysllc.com 



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    Gloria Archer
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    Original Message


  • 4.  RE: Who hires CM?

    Posted 2024-07-23 10:39

    Really insightful Gloria! thank you! 



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    Leslie Ellis
    leslie@meaningfulchangeconsulting.com
    Founder & CEO
    Meaningful Change Consulting, LLC
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    Original Message


  • 5.  RE: Who hires CM?

    Posted 2024-07-18 18:20

    My experience has been either as CM for the receiving organization or a couple of situations where I helped consolidate a number of companies into one company/group. I always found that the hiring person within the companies was the CEO/President with some devolved responsibility to other C Suite execs

    I always find that I am looking at this as a programatic change effort with my go to being to look at the People, Process and Systems integrations and then identify the needs for additional efforts depending on the gaps needing alignment with each. This then takes me into developing appraches across the business and bringing together subject matter experts and developing change agent networks to support the needs of the business.

    I do think its more of a creative improv exercise with M&A than other types of change as I typically find the playing field develops throughout the period of integration.



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    Rich Batchelor
    Canada
    President - ACMP Board of Directors
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    Original Message