Editorial ReviewsFrom the Inside Flapince The Complete Guide to Mergers and Acquisitions was published in 2000, merger and acquisition activity has increased dramatically, and shows little sign of slowing down. Done right, M&As result in unified, cohesive new organizations whose financial performance and strategic options are much improved.
Revised and updated to meet the needs of today's business environment, the second edition of The Complete Guide to Mergers and Acquisitions gives executives, managers, and supervisors the guidance and tools they need to successfully see the M&A process through at every organizational level. Authors Tim Galpin and Mark Herndon show why?the typical M&A deal never realizes its?intended financial and strategic results.?Based on the authors' consulting experience with numerous Fortune 500 companies, this comprehensive resource will help organizations address the myriad integration aspects of M&As, maximizing the strategic and financial value of integrations more quickly and effectively.
The second edition expands on the authors' step-by-step advice and includes best-practices and lessons learned as well as information about:
Conducting M&A due diligence that leads to effective integration
Typical organizational dynamics created during a M&A deal
Mistakes commonly made during integration
The how-tos of comparing and combining company cultures
Effective design, management, and coordination of the enterprise-wide integration process
Retaining and recruiting key talent
Capturing and measuring deal synergies
A proven process for integration staffing and selection
This comprehensive resource also contains several new visual aids as well as helpful templates, checklists, graphs, and tools. In addition Galpin and Herndon provide sound guidance for successfully integrating different processes, organizations, and cultures.
From the Back Cover"Galpin and Herndon are back with an updated edition of their highly respected M&A integration classic. Like its predecessor, this book is a 'must buy' for every manager or advisor tasked with the awesome job of putting companies together after a merger."
—Alexandra R. Lajoux, coauthor, The Art of M&A series, and chief knowledge officer, National Association of Corporate Directors
"No matter how conceptually good an acquisition looks from 30,000 feet, if the M&A deal structure and follow-on implementation aren't optimized, the acquisition will fall short. That's why we rely on the concepts and methods aptly laid out in this book."
—Jim Wickett, executive vice president corporate development, Macrovision Corporation
"This book is essential reading for anyone in the merger process. I particularly like the insights on addressing different cultures."
—Jon Katzenbach, senior partner, Katzenbach Partners, and author, Why Pride Matters More Than Money and The Wisdom of Teams
"For those of us who have wrestled with the colliding strategic, logistical, and human hurdles that come with M&A integrations, this book is a welcome guide through the chaos."
—Jim Alleman, vice president human resources, Commercial Metals Company
"Galpin and Herndon's first edition was required reading at US Airways as we successfully merged with America West Airlines in 2005. Once again, they have hit it on the head with this insightful, practical guide to successfully integrating companies. From the practical to the philosophical, this is the book for any company considering a merger or acquisition."
—Doug Parker, chairman and CEO, US Airways
About the AuthorTimothy J. Galpin is associate professor at the University of Dallas Graduate School of Management and a senior?fellow with Katzenbach Partners, LLC.?He has over twenty years of experience as a management consultant and business manager based in Europe and North America.
Mark Herndon is president of Parkwood Advisors, LLC, a management consultancy focused on a broad range of strategic and business effectiveness initiatives, including M&A strategy, due diligence, and integration management.