Trilogy Search Series Ep.3: Tom Klein and Roland Lessard - Ep.118

Published: June 7, 2022, 10 a.m.

b"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.\\nThis 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.\\nWe 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.\\nListen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.\\nLinks:\\nTom Klein on LinkedIn\\nRoland\\xa0Lessard on LinkedIn\\nMorningside Translations\\n\\nTopics:\\n(3:58) - Tom and Roland\\u2019s Backgrounds\\n(13:03) - How many companies within the industry did you speak with during your search?\\n(16:35) - What was the company you bought and how did you plan out growth?\\n(20:02) - Where were the biggest pains during your massive growth from $5mm to $30mm?\\n(26:25) - What strategies did you use to get up to speed with everyone\\u2019s role when making changes?\\n(32:08) - What\\u2019s your philosophy and experience with M&A?\\n(42:51) - What are some Do\\u2019s and Don\\u2019ts of tuck-in acquisitions?\\n(58:07) - How do you implement synergies and change management when you\\u2019ve acquired one of these companies?\\n(1:12:45) - Additional commentary on synergies"