Integrating a Management Office and Supporting FP&A
A leading provider of specialty chemicals to diverse industries, such as building and construction, packaging and consumer goods, was looking to scale through acquisition. Accordion was hired to lead the Integration Management Office and assist in developing the functional workplans for Supply Chain, HR, IT and Commercial. Accordion was also responsible for leading the F&A integration, managing preparation for Day 1 readiness, and making recommendations as warranted
Merger Integration Planning & Execution
Finance / Accounting Assessment & Design
Project Management Oversight
Accordion led the overall integration management office and provided support to integrate functional areas across supply chain, commercial, HR, Accounting, and Finance organizations. Accordion also served as the subject matter expert for the F&A function for the integrated business. Our team also provided expertise to lead the simultaneous integration of two acquired businesses under different deal structures for a management team that had limited integration experience and minimal resource support. We also managed integration risks associated with diligence findings and provided comprehensive insights into potential business continuity issues through extensive TSA guidance while bridging the knowledge gap between the client’s limited pre-close access to seller management team.
Working shoulder-to-shoulder with functional leads, Accordion enabled the Company to achieve Day 1 cut over without any major business interruptions. We also strengthened management’s understanding and appreciation of integration complexities, created dashboards, and implemented a reporting cadence to drive both the Subject Matter Experts and Executive Steering Committee weekly meetings. Our team also developed and oversaw the implementation of a communications plan that addressed multiple internal and external stakeholder considerations, while having active involvement in the content drafting. We also reconciled synergy pre-close estimates to current estimates and captured information needed for covenant compliance reporting.