M&A Science

The People-Centric Approach to M&A Success

Mar 17, 2025
Michael Hoy, Executive Vice Chairman of Great Day Improvements, shares his expertise on people-centric M&A strategies that focus on culture over cost-cutting. He discusses the vital role of trust and transparency in smooth integrations, and how aligning financials early can streamline transitions. Michael also emphasizes building strong relationships and a referral-based growth model, showcasing how a people-first philosophy can not only enhance company culture but also drive sustainable growth in the competitive realm of mergers and acquisitions.
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ADVICE

Curious Not Judgmental

  • Approach M&A with curiosity, not judgment, about the acquired company's culture and processes.
  • Prioritize building relationships and trust early on to understand opportunities for mutual benefit and shared success.
INSIGHT

Growth Synergies

  • Great Day Improvements prioritizes growth synergies over cost-cutting in M&A.
  • They believe in building relationships and developing people, recognizing that future growth depends on expanding their workforce.
ADVICE

Referral-Based Growth Model

  • Build a national platform with multiple products to create a referable ecosystem.
  • Leverage positive customer experiences to drive organic growth and create customers for life.
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