Under New Ownership: First Impressions
Under New Ownership: First ImpressionsThe announcements of our new owners were interesting, based on what was said, and what was not said. Like any published material, the point of view shifts depending on who's saying what ...
From the seller: " ... The sale is the final in [our] strategic refocusing ..."; it's all about the "disposal" of assets and the support of valuation statements made in the past. Quite understandable, but somewhat interesting to hear some internal murmurs about being 'disposed of'. Folks need to focus on relevant things ...
From the buyer: Direct quotes from the principals may indicate strategic intent - the Really Interesting Part is to compare with the corporate goals and objectives, the areas focused on in the last few years.
The transaction does not close until the fall, but we are already beginning to to connect with new management; now that the focus is off the transaction, we're looking at specific projects, structures, initiatives, etc. with the incoming management team. Interesting stuff ...