BROADCASTS.com

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