A couple of years ago, before joining Third Coast Capital, I was in the thick of due diligence as Corporate Development Director on a major international acquisition project. At the same time, I was traveling globally to facilitate strategic planning and trying to juggle other acquisition opportunities. I had a bandwidth problem, so I hired Larry Radowski from Integrated Project Management Company (IPM) to augment my team. IPM got up speed quickly and delivered on their expertise.
Naturally, when approaching this topic I thought of IPM. I asked Larry what three things he thought were the most critical in any integration project. His answer: alignment of the acquisition objectives, tradeoffs between operational efficiency and long-term growth, and application of a consistent, proven management process. I’d like to explore each of these in more detail below.