38 min listen
Trilogy Search Series Ep.3: Tom Klein and Roland Lessard - Ep.118
Trilogy Search Series Ep.3: Tom Klein and Roland Lessard - Ep.118
ratings:
Length:
83 minutes
Released:
Jun 7, 2022
Format:
Podcast episode
Description
My guests on this episode are Tom Klein and Roland Lessard, Tom and Roland launched a partnered search after running a background screening business together and acquired a language service business focused on intellectual property in 2016, which they sold last year in 2021. In both companies, growth through acquisition was a core to their playbook and we spend a ton of time diving into best practices and things to avoid in doing so.This is one of the best episodes of the podcast for understanding M&A, synergies, and change management, and if any of these topics apply to your business, you'll want to tune in. This conversation covers all things M&A, shifting teams, understanding culture and structure, effective leadership, and integrations with new companies and teams.We got on such a roll near the end that I entirely skipped my closing questions to make room for more discussion, and I think it paid off. By the end of this longer-than-usual episode, I hope you're in agreement. Enjoy.Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.Links:Tom Klein on LinkedInRoland Lessard on LinkedInMorningside TranslationsTopics:(3:58) - Tom and Roland’s Backgrounds(13:03) - How many companies within the industry did you speak with during your search?(16:35) - What was the company you bought and how did you plan out growth?(20:02) - Where were the biggest pains during your massive growth from $5mm to $30mm?(26:25) - What strategies did you use to get up to speed with everyone’s role when making changes?(32:08) - What’s your philosophy and experience with M&A?(42:51) - What are some Do’s and Don’ts of tuck-in acquisitions?(58:07) - How do you implement synergies and change management when you’ve acquired one of these companies?(1:12:45) - Additional commentary on synergies
Released:
Jun 7, 2022
Format:
Podcast episode
Titles in the series (100)
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