In this The Edge article, Jim Houston, vice president general manager, Eastern Operations, U.S. Residential/Commercial Services and Commercial Landscape Services shares what goes into a successful acquisition transition.
Mergers and acquisitions are quite common in the lawn and landscape industry, whether it be private equity firms or other businesses wishing to expand their current offerings.
While it can be an effective growth strategy to bring in new talent and strengthen your existing market position, communicating this change properly with your team before and after an acquisition is crucial. Change is hard and if you say too much before the ink has dried, you can spook a deal but failing to message what is going on after a merger can be just as detrimental.
To read what advice Houston has to share, click here.
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