I've worked through the challenges and opportunitues that every merger or acquisition involves and I've spent countless hours on deals that ultimately failed to come to fruition. Consequently, I'm often asked "Why do you expend such resources on these endeavors?". My answer and sincere belief is that these acquisitions lead to new services, new markets, new talent and new passion that allow our firm to continue to meet and exceed our existing clients expectations and bring enhanced service opportunities to our new clients.
We are looking for experienced professionals to join our team in our #Boardman & #Youngstown, OH offices: http://t.co/G5MRohJY
A few years ago I authored a piece on "Creating Effective Mergers". This piece spoke of reasons why HbK should pursue mergers and reasons we should not. Ultimately, growth is not the only goal. A better, stronger, deeper firm that is able to add more value to our clients and team is what we seek.
Change is in the air. The firm of tomorrow must be able to deliver the services that our clients require. Our challenge is continue to proactively add value to our clients and help them navigate through the challenges of creating and protecting the accumalation of wealth.The right mergers deepen our industry knowledge, immediately add talent that would take years to develop and provide access to services that our growing clients require. To remain competitive, deliver on our promise and solve challenges that our clients have not even identified....these are some of the driving factors behind our "urge to merge".
Additionally, mergers and acquisitions provide opportunities to develop staff, expand our territory and geographic footprint as well as open doors for advancement and ownership. Our primary asset, talented professionals, needs opportunities to excel and advance and mergers help to provide these benefits. Expansion is a critical component of our strategic plan. As we continue to build our firm, we'll continue to seek out mergers and acquisitions which meet our criteria for consideration. Creating value for our clients is paramount to our continued mutual success.
Everyone should seek out these types of opportunities for growth. Failure to do so slows our abilty to add value and deepen relationships. We'll always be open to merger /acquisition candidates, the real question is how can we effectively leverage the new relationship to the benefit of everyone involved.
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