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Trilogy Search Series Ep.3: Tom Klein and Roland Lessard - Ep.118
Think Like an Owner
English - June 07, 2022 10:00 - 1 hour - ★★★★★ - 98 ratingsInvesting Business Careers microprivateequity owner permanentcapital privateequity searchfund searchfunds smallbusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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.
This 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.
We 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.
Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.
Links:
Tom Klein on LinkedIn
Roland Lessard on LinkedIn
Morningside Translations
Topics:
(3:58) - Tom and Roland’s Backgrounds
(13:03) - How many companies within the industry did you speak with during your search?
(16:35) - What was the company you bought and how did you plan out growth?
(20:02) - Where were the biggest pains during your massive growth from $5mm to $30mm?
(26:25) - What strategies did you use to get up to speed with everyone’s role when making changes?
(32:08) - What’s your philosophy and experience with M&A?
(42:51) - What are some Do’s and Don’ts of tuck-in acquisitions?
(58:07) - How do you implement synergies and change management when you’ve acquired one of these companies?
(1:12:45) - Additional commentary on synergies
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.
This 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.
We 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.
Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.
Links:
Topics:
(3:58) - Tom and Roland’s Backgrounds
(13:03) - How many companies within the industry did you speak with during your search?
(16:35) - What was the company you bought and how did you plan out growth?
(20:02) - Where were the biggest pains during your massive growth from $5mm to $30mm?
(26:25) - What strategies did you use to get up to speed with everyone’s role when making changes?
(32:08) - What’s your philosophy and experience with M&A?
(42:51) - What are some Do’s and Don’ts of tuck-in acquisitions?
(58:07) - How do you implement synergies and change management when you’ve acquired one of these companies?
(1:12:45) - Additional commentary on synergies