News Article

5/11/2017

I Just Bought a Company. Now What?

Well, you went out and did it.  You acquired another IT company.  Now you are thinking, “what do I do now?”  Do you simply become the owner of another IT company and run it as a stand-alone?  Do you merge the two companies so there is only one company and all the identity of the one you just bought goes away?  Did you really only buy the company for its customers or did they have some Intellectual property or some other assets that you really wanted?  So many companies spend their time trying to actually get the deal closed that they don’t spend nearly enough time thinking about what they are going to do once the acquisition is complete.
 
Obviously there is no one-size-fits-all answer as there are many factors to consider.  Is the company you bought bigger or smaller than you?  Are they profitable?  Hurting?  Losing customers or growing?  Are they geographically close or farther away?  Is their company culture similar or very different?  Do they have the same mix of products and services?  Do they sell the same or competing solution sets?  But even with all these questions answered, there are some common things that any acquirer should do once they own a new business.
 
Take it slow. Everyone from your new customers and employees to your existing staff are fearing the worst. Let everyone know that the goal is to improve and grow and that you are going to take some time to understand the intricacies of what you have and have no plans to make changes. Give yourself a 90 day window with no changes and it will pay dividends for years to come.
 

Contact MSP-Ignite today to find out more about how you can start to fuel growth by tapping the resources of other IT leaders. Visit us at www.msp-ignite.com or call us at 888.972.0236 or email us at msp@MSP-Ignite.com to get started today.

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