Finishing strong: Aligning post-close integration and operations
The close of a utility merger typically caps a grueling nine- to 12-month process. But the hard work of integrating the two companies is just beginning. After a merger, management needs to balance the activities necessary to complete the integration with those that ensure smooth ongoing operations. This is no easy task, and underestimating these challenges can have unwelcome consequences. Hewing to the original intent of the pre-close integration process is management’s best chance to achieve the deal’s full, intended value.