Family, Privately Owned
Profitable Family Business Purchased from Retiring Owner
Issue: How to integrate the company in 90 days while preparing to relocate.
Approach:
- Assume the position of Vice President-Operations and manage the transition
- Analyze and implement integration improvement strategies
- Relocate the business while improving efficiency and profitability
A privately-held Georgia company was acquired. RLW in the role of Vice President-Operations was assigned the management of the on-site transition and integration execution. This family owned company decided not to transfer to the next generation, instead opting to sell to an integrator of similar companies within the industry. Total time for execution was 90 days.
Phase 1: The owner exited immediately and a seasonal buildup plan was successfully implemented. The key challenges were to identify and remedy several safety deficiencies, develop an improved production reporting process, and prepare for an expanded operation with possible relocation.
Phase 2: After relocation was confirmed, all production activities increased to allow sufficient downtime during the move. The facility was prepared to be vacated, surplus equipment and inventory were sold, and increased business volumes were maintained.
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