{"id":78191,"date":"2020-07-24t12:00:54","date_gmt":"2020-07-24t16:00:54","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=78191"},"modified":"2020-07-29t09:19:17","modified_gmt":"2020-07-29t13:19:17","slug":"why-many-mas-fall-short-of-expectations","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/07\/24\/why-many-mas-fall-short-of-expectations\/","title":{"rendered":"why so many m&as fall short"},"content":{"rendered":"

\"three<\/a>plus: the 3 prongs of culture and why they matter.
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by domenick j. esposito<\/i>
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8 steps to great<\/i><\/a><\/p>\n

principally because of the \u201cpost covid-19 blues\u201d and anticipated difficulty in growing organically at an acceptable rate and because of the ever-increasing number of baby boomer retirements, there is a sense that small and mid-sized firms will continue to merge at a healthy pace.<\/p>\n

\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p>\n

to illustrate, in just the past few weeks, we learned that anders cpas + advisors picked up cummings, ristau & associates (both of st. louis), adams, brown, beran & ball chtd (great bend, kansas) added jonesboro, arkansas office of egp pllc and hancock askew & co. (georgia and flordia) acquired capa (miami). these are noteworthy transactions and we believe that there are more to come.
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\nhaving said that, mergers and acquisitions are a tricky business and are not silver bullets to solving a cpa firm\u2019s problem in achieving sustainable growth. to say the least, these transactions are extremely time-consuming, riddled with \u201csand traps\u201d and full of opportunity costs, but more than that they have considerable risk.<\/p>\n

when we speak to ceos and other senior management at the top 100 and other fast-growing firms, it\u2019s apparent that many, if not most, of these mergers\/acquisitions fall significantly short of growth and profit expectations. some even wind up in divorce with costly breakup costs as morale drops, go-to-market opportunities fail to materialize, and key partners and potential partners leave for other opportunities. and for every transaction that actually does happen, it is also apparent that handfuls of potential deals die at the altar.<\/p>\n

\u201cfailed culture integrations are often at the heart of merger difficulties.\u201d \u2013 louis v. gerstner<\/p><\/blockquote>\n

so, we thought it would be helpful if we took a deep dive into merger and acquisition difficulties and offered some advice. the following summarizes our observations as to why many mergers\/acquisitions fall short of expectations and why so many more die at the altar:<\/p>\n