Congratulations — having carefully planned and executed the acquisition of a printing company to complement the one you already own, you’re finally prepared to sit down with the seller to close the deal. Naturally, you’re feeling good about what you’ve accomplished and what the future holds for the merged entity that your effort has created. This is the point at which we always urge our buying clients to pause.
In diplomacy, the motto for negotiators and peacemakers is “Trust, but verify.” The advice applies to M&A transactions between printing companies as well. Get the facts, confirm the understandings, and be open about everything that the process discloses.
Negotiation is the most critical step in our six-stage journey toward a deal — the phase in which the transaction either comes together as the negotiators want it to or falls apart because their efforts have worn them out.
"I may not know everything, but I know what I like." We base many personal decisions on this bit of homespun wisdom, and more often than not, it leads us to the right choice. It’s also not a bad starting point for a preliminary review of printing companies identified as candidates for acquisition.
Given the current robust health of the M&A marketplace there’s a good fit out there somewhere for every seller and buyer.
Probably no subject gets more attention from business writers and management gurus than strategy. That’s not surprising. Without a coherent set of objectives — a precisely defined goal to work towards — everything else is just going through the motions without actually getting anywhere.