The choppy waters of mergers and acquisitions can sink family-owned businesses if not done carefully. In this episode, we wade into the challenging process of M&A for family enterprises looking to continue their legacy.
Host and seasoned family enterprise lawyer Leah Tolton is joined by Ted Kouri, Founder and President of Incite, as he shares his expertise on mid-market M&A advisory services. They discuss critical steps like formulating an M&A strategy, conducting due diligence, maintaining brand identity post-acquisition and leading change management.
In this episode, we explore essential strategies for family enterprises poised for growth. Key focuses include solidifying internal foundations like brand, culture and processes, alongside defining clear growth objectives. Emphasizing the importance of effective communication, Ted and Leah look at steps to internally build trust and alignment, including the paramount role of strong governance with transparent roles and multi-generational decision-making proceedings. They explore the need for a thorough change management process—often extending 6 to 18 months—to avoid pitfalls. Lastly, they examine the importance of strategic branding decisions, whether maintaining a unified brand or differentiating between family and business entities.
Tune in to gain invaluable knowledge and practical advice for steering your family business through the dynamic waters of growth and change.
