By Karen Gentry
MiBiz Network
GRAND RAPIDS — The wide world of acquisitions and mergers is by its nature messy, and organizations will not stay the same as they were before.
That was one of the points emphasized by Steven Crandall, president of Crandall/Partners and past senior human resources executive for Old Kent Financial Corp. and Donnelly Corp., two companies that underwent ownership changes in recent years. Crandall along with Michael Jandernoa, former chairman and CEO of Perrigo Co. and John Walton, president of Davidson Plyforms Inc. took part in a panel discussion on ownership transition as part of the Association for Corporate Growth – Western Michigan’s breakfast meeting Nov. 17.
After the deal is done the work begins, according to Crandall.
“Once the decision is made a lot of decision makers feel their work is done. Their work is just starting,” Crandall told ACG members. “Due diligence and research is absolutely required.”
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