Otherwise, expect those whispers behind closed doors to eventually filter out. Your target audiences will want to know why the two companies decided to become one. Acquire the Message House Toolkit and Elevate Your Global Presence, Benchmark International Successfully Facilitated the Transaction Between Bagel King Wholesale, Inc. and Austin Circle Partners, Paschal Air Plumbing & Electric Acquires Straight Shooter Heating & Air in Strategic Move to Expand Market Presence in Dallas-Fort Worth Area. Greenleaf Self Storage - March 28, 2023 - Midcoast Properties, Inc. With this in mind, here are six tips for making effective acquisition announcements: Consider the audiences and create specific messaging The Fruit Company Expands Tourism Operations with Acquisition of Mount Hood Railroad The renowned gourmet gifting company is quickly becoming a top tourism destination in the Pacific Northwest.. Copper Tree, Inc. is pleased to announce, along with the support and trust of the entire Board of Directors and the Members of the Price Tower Arts Center (PTAC), their organization has acquired the historic Price Tower in Bartlesville, Oklahoma. Bagel King is a Kosher-certified wholesale baking company servicing hotels, theme parks, hospitals, and restaurants directly throughout - April 01, 2023 - Benchmark International, Paschal Air, Plumbing & Electric, a leading provider of HVAC, plumbing and electrical home services, is proud to announce an addition to their operations in the Dallas-Fort Worth Metroplex following the acquisition of Straight Shooter Heating & Air. It's still fine to move forward, right? Privacy Notice | However, from the synergies perspective, the $13billion deal allows Morgan Stanley to tap into $56 billion of low cost deposits, data about millions of E*Trades customer base, and a powerful new tool to add to Morgan Stanleys existing portfolio. A short written announcement, press releases are pitched to multiple media outlets to relay recent business news. How Companies Win the Mergers and Acquisitions Game. This facility is comprised of 328 units totaling 42,650 rentable square feet, providing safe and secure - January 27, 2023 - Absolute Storage Management, Local acquisition of Brunswick Space Place Self Storage is bringing professional self-storage management to the city of Brunswick. Employees need clarity on facts and figures, to have opportunities to hear information first-hand and be able to ask questions and to feel part of the process. Organize, manage and create an accelerated M&A process. Such is the power of an acquisition that extends a companys product line. Wild Buys. Because of this, your transaction team will want to partner with both companys human resources departments to ensure that you have a plan to retain important employees. How do you send out a business acquisition press release? You are ready to craft the perfect press release with all these new tools at your disposal. To avoid this, press releases are structured like an inverted pyramid, which puts the most important information at the top and the rest in order of its relevance. The M&A process is complicated and often perilous. This is an important day for our organization and one that ensures we remain a highly competitive global company. Thats why companies need to do a better job of managing Announcement Day. 1. Cookie DO is an innovator in the confectionery industry with a variety of unique, handmade flavors of edible and ready-to-bake cookie doughs. But companies need to remember this strategy can be costly and leaves issuers with little control over who the press release is sent. Below, we look at the six biggest acquisition deals of all time and some of the implications of each. Building a strategy requires the right tools. 10 Major Healthcare Merger & Acquisition Deals Announced in 2020 10 Major Healthcare Merger & Acquisition Deals Announced in 2020 The COVID-19 pandemic has not slowed healthcare merger and acquisition activity in 2020, with several provider organizations making transformational moves. It not only needs to sound good, but it needs to add something of value to the . Sometimes, its not the transaction that closes, but rather the one that didnt and makes you wonder what might have been, thats most fascinating. The blank-check company is the acquisition partner of Rumble, a Canadian video-sharing service that aspires to become. Banco Santander didnt let Spains relatively small population of less than 40million people at the time its acquisition spree began, to limit its growth prospects. Lion Announces Hong Kong Virtual Asset Trading Platform License Application,Nov 17 2022. 4)Tata Sons Acquire Air India. Is it because the companys technologies are complimentary? This could be a PDF, or a link to an intranet website page. Clarity on the 5 Ws can also help inspire you when it comes to devising a catchy headline for your press release, and inform the overall structure of the press release as well. Make sure you have your legal counsel review the announcement! MillerKnoll Stock Tumbled. Before announcing a deal, acquirers should be able to confidently answer these three questions. The official announcement was made at the international tire convention in Los Angeles yesterday. Get weekly updates about M&A Science upcoming webinars, podcasts and events! Benchmark International Successfully Facilitated the Transaction Between Inspirant Group Inc. and 10Pearls LLC. Join 2,000+ forward-thinking M&A practitioners. If the merger or acquisition has been made with changes to the overseeing companys logo, be sure to include that, and use the new version, going forward. Email marketing service MailChimp isn't . You should mention it in the release itself, as well as in the boilerplate. Before you really get started, its worth noting that journalists receive lots of press releases. SPAC management stands to gain a significant equity interest in the target company but must first market the deal and gain approval from a majority or supermajority of its shareholders before it can close on the acquisition. Doepfner explains that he was frustrated with what he perceived as extremist voting tendencies among the former East German electorate. On November 30, 1999, as the United States entered the last month of a century in which the antitrust commission had spent much of its time separating large oil companies, two American oil giants, Exxon and Mobil, announced a merger that would not only create an industry leader, but the biggest company in the world by market cap. Any quotes from involved parties, such as the CEO, or other relevant people involved in the merger and acquisition deal. As it deals with financial bodies, it also states the exact price tag of the acquisition right at the top. With this acquisition, Paschal Air - March 30, 2023 - Paschal Air Plumbing Electric. Intelligent Relations offers a wealth of services, from press release drafting to pitching, as well as larger-scope PR, that can help ensure your strategy is on point. So let's work hard, focus on our customers and make this an amazing . Inspirant Group is an award-winning consulting firm with expertise in delivering optimized solutions in transformation and automation. As stated above, most mergers and acquisitions fail. Many deals are doomed from the outset. Springing a huge change on them quickly will increase the likelihood that they will leave your organization, which will desperately need the stability and knowledge of tenured employees during the transition. Source: Getty Images By Jacqueline LaPointe The more specific you can be about these, the better. The companys product portfolio includes high pressure compressors and adjacent products. Press Release Mar 15, 2023 Allied Resources Group Announces Acquisition of R.T. Patterson Read Press Release Press Release Mar 15, 2023 Augmenta acquired by CNH Industrial Bringing seamless,. LinkedIn says that this will show a visible association and link between the acquired and parent companies without negatively impacting its members' profiles. CVS Health The CVS Health company announcement on minimum wage In this example, CVS Health, the nationwide healthcare company that owns the CVS Pharmacy chain, announced an increase in the minimum wage for its employees across all locations. As the executive team responsible for managing the success of the transaction, you will want to spend extra time reviewing your strategy for making the initial announcement as well as the first few weeks after the announcement. We assure you that our pricing, product and support procedures will . Initial announcement When the deal closes, you'll send around an email to your employees announcing the merger. - April 05, 2023 - Siddons-Martin Emergency Group, Benchmark International has successfully facilitated a transaction between North Carolina-based Movin On Movers and Massachusetts-based Piece by Piece Movers. But, it could also be that you want to focus on other things for your businesswell, fret not, we can help. First, well-conceived M&A communications during diligence can serve as a litmus test of the deal logic for acquirer executives where they can think like an investor well before Announcement Day itself. Putting a structured merger communications plan in place. The words leaders use matter to employees on both sides, so communications must be thoughtful and intentional. The seller, Appellation Construction Services (ACS), is a full-service new build contractor and maintenance, modification, and upgrade specialist servicing the - April 12, 2023 - Benchmark International, Benchmark International has successfully facilitated the Integrity Arts & Technology, Inc. (IDEAS) acquisition by Swagger Agency (20MM LLC). 11 recent mergers and acquisitions 2022 These are the largest M&A deals of 2022 so far, in descending order. A Better Convenience. In 1996, it acquired Banco Tornquist, cementing itself as the largest private banking entity in Argentina, a market with more banking consumers than Spain, according to Statista. Its acquisition of Slack for $27.7 billion in July 2021 was made after the company realized that the workplace had changed forever as a result of the Covid-19 pandemic. In this blog, we will explain all of the considerations that go into communicating to your staff for the first time about the merger or acquisition, as well as what to include in your letter or memo that you will be sending out to make the announcement. The facility is located at 27455 Louisiana 22 Ponchatoula, LA 70454. When the $100 billion deal was announced in 2015, it made everyone in the already highly consolidated food industry - think P&G, Mars, Nestl, Danone, and others - sit up and take notice. To best leverage the communications opportunities, you must engage internal and external audiences from the start. Manage all your deals & contacts in one place, Speed up and simplify due diligence process. 5. The seller, E-Vergent.com, is a provider of fast, reliable, high-speed internet and VoIP service. All quotes are in local exchange time. 20 Best Law Blogs and Publications for 2023, 17 Top Nevada Newspapers and Outlets [2023 List], 26 Top Hawaii Newspapers and Outlets [2023 List], 19 Top Vermont Newspapers and Outlets [2023 List], 21 Top Aviation Magazines and Publications [2023 Update]. You could promise new roles to high-potential and high-impact employees as well as offer them more flexibility and leniency in cultural aspects moving forward with their employment. NeoGraf is a world leader - February 01, 2023 - BDA Partners Ltd, Local acquisition of Midway Climate Controlled Storage is bringing professional self-storage management to the city of Midway. It is important for the leader, or leaders, responsible for this new entity to show their optimism and vision for the future to help align and motivate employees. Company Merger Announcement Letter to Employees Download Letter Today, we announce exciting news: Company A has completed its with Company B. Product Use Cases Resources Pricing Sign in Free Trial Mergers & Acquisitions Press Release Example Telenet used Prezly to announce their acquisition of BASE Company NV. What makes a business acquisition press release compelling? Morgan Stanleys acquisition of E*Trade could be considered a synergistic acquisition or an acquisition aimed at acquiring technology, as there is considerable overlap. Get insights from M&A Experts. When: Specify the establishment of the acquisition and the time frame for completion. If the merger or acquisition has been made with changes to the overseeing company's logo, be sure to include that, and use the new version, going forward. When investors are in doubt they tend to assume the latter so do employees. For the past [NUMBER] years, our corporate mission has been to become the leading [SPECIFY]. If your business is sending out a press release to announce a relaunch, for example, a classic mistake would be a quote like 'We're delighted to announce our relaunch. WeCareMD is a multi-location medical practice specializing in primary care and adult medicine. The biggest deal to date involving these companies was the acquisition of TNK-BP by Russian oil giant Rosneft in 2013 for a fee of $55 billion, creating yet another Russian national champion in the oil and gas industry at the time. Communications on Announcement Day requires that both buyer and seller consider and address the full world of stakeholders who will become aware of the deal when the press release is issued. Below is a standard format for press releases, and should be the blueprint for your own. Also, make sure that your human resources team is prepared to handle all types of questions that could come up from the employees. Well, explain this to your employees. Live Chat. - April 13, 2023 - TimeXtender, www.fulflld.com/disorder Founded in 2001, Blue Ridge Rescue Suppliers is the leading Honeywell First Responder turnout gear provider to municipalities and volunteer fire departments throughout Virginia. An example would be, "We are so . This allows conversation on current financials without violating Regulation Fair Disclosure. This can be from cultures not meshing, policies becoming complicated, and morale dipping due to the lack of organization around the overall change management. Make sure that you provide all the information they need, and give them the details about when they should start using the new logistical information. Tom Hubregsen, CEO of - January 13, 2023 - Municipal Emergency Services, Inc. Occams Advisory, a global provider of professional and business services, has announced the acquisition of MineCodes, a Canadian-based company that offers technology-based knowledge and quality services. In 2019, tobacco industry giants Altria and Philip Morris came close to signing a $202 billion deal that would have an epoch-defining and probably epoch-ending (there cannot be many big deals left in the tobacco industry) transaction. Employees will want to know quickly and honestly how they will be affected. To enter the market, it acquired a series of small bank entities, starting in Argentina. Find out about consultants, legal issues, technology, products and services affecting the M&A world. and Physician Partners, LLC. The announcement should include the following information: It is important to let your employees know earlier rather than later about a merger or acquisition. The deal created the worlds largest mobile phone operator, which is still a leader in most European markets, as well as several outside of Europe. When two companies agree in principle to either buy, merge with, or sell to, another organization, the real work beginsand boy, is there a LOT of work, especially for your Investor Relations team (if your company is public), as well as your public relations and marketing professionals. Benchmark International Successfully Facilitated The Transaction Between Movin On Movers, Inc. and Piece by Piece Movers, LLC. Kison Patel is the Founder and CEO of DealRoom, a Chicago-based diligence management software that uses Agile principles to innovate and modernize the finance industry. - March 16, 2023 - Pioneer Realty Capital, Spartaco Companies (Spartaco) is pleased to the announce the acquisition of the Bulldog Bender brand of cable benders. Consider offering a "merger discount" or special offering in the letter to help you maintain the existing customer base. For the best MarketWatch.com experience, please update to a modern browser. It usually takes about two months and a written confirmation is provided of the interest in the M&A deal. In this article, we covered the best 11 acquisition examples that taught us everything there is to know about acquisitions. Day One M&A Communications Playbook - $25 Million Acquisition. Check out these quality insider tips from our PR gurus about the art of press release writing: Acquisitions happen all the time in the business world, so there are plenty of examples of actual press releases issued by companies that you can look to for inspiration. This is a serious case of change comms. There are few times in business that are more nerve-wracking than the months and weeks leading up to an official announcement of a merger with, and/or acquisition of, another business. What happens to markets if the greenback loses its world dominance? Quotes can bring the human angle to a press release - so they need to add interest and value. Public relations and investor relations professionals rely on Business Wire for broad-based and targeted market reach.. Warehouse 1. Innovation Updates Dear Customers, We are thrilled to announce that today we have been acquired by Web.com, a leading global provider of Internet services and online marketing solutions for small businesses. That premium is a shock to the system that no one expected an immediate and direct addition to the growth value of the target and the cost-of-capital clock starts ticking on Day 1. Employee Letter : Dell to Acquire Quest Software: Dear Quest Employees: This . Both companies' leaders express optimism about the deal, stating that it aligns with their respective goals and visions. First, well-conceived M&A communications during diligence can serve as a litmus test of the deal logic for acquirer executives where they can. Founded in 1976, Gem Drugs is a provider of home infusion therapy services to the Reserve, Louisiana community, and surrounding - January 27, 2023 - Benchmark International, Benchmark International is pleased to announce the successful transaction of Invision Architecture Ltd. by the HFW Companies. Images of the CEO(s), Board Chair, or key investors are also good to include. The acquisition of Android in 2005 for $50 million, enabling Google to enter the cellular phone market for the first time. We have established some of the different types of acquisitions, but what about the deals whose implicit intention is to reshape industries? Get full-stack, AI-powered PR Our databases and AI pitching + a dedicated PR expert to manage your outreach campaigns. tax) 30 days to view and download Access and purchase options Mergers and acquisitions in family businesses: current literature and future insights Maija Worek To do that, both quickly and effectively, the easiest way is to write and submit an acquisition press release. . The facility is located at 210 Ethan Allen Drive Dahlonega, GA. There are only two ways to go about it. Why should you issue a business acquisition press release? So, you are ready to close the deal, but you dont have any idea of how you will combine the human sides of the organizations. The data is compelling. The global leader in press release distribution and regulatory disclosure. Does the deal give investors more reasons to buy than sell? Do you have a credible case with defendable and trackable synergy targets that you can deliver and that investors can monitor over time? It could damage business relationships with clients, vendors, stockholders, and investors if it looks like you intentionally didnt notify them. To put it bluntly, you simply cant mess up Announcement Day. Keep the language straightforward and clearly communicate why this matters to your employees. This facility is comprised of 259 units totaling 44,590 rentable square feet, providing safe and secure - February 25, 2023 - Absolute Storage Management, Local acquisition of My Attic Storage is bringing a new brand and professional self-storage management to the city of Pflugerville. But, if you get the basics down pat this first time, youll make generating press releases increasingly easier for yourself going forward. Following is growth of Morgan Stanley's share price since its acquisition of E*Trade. A scientific service provider, beyontics has extensive experience in selecting, configuring, optimizing, and supporting Chromatography Data Systems (CDS), particularly the - January 19, 2023 - Zifo, Estate Depot is proud to announce that it has joined the Estate Synergy Network of companies. Tim Beed, Chief Business Development Officer, explains, Spartaco has a long history of providing products and solutions that help professional tradespeople get the job done right the first time. Well, weve nailed the press release layout, but were not done. Amsterdam-based. The company - April 06, 2023 - Benchmark International, Siddons-Martin Emergency Group is now providing sales and service in Arkansas and Tennessee in closing of the acquisition of G&W Diesel Service, Inc. of Memphis, TN. In our work with companies, we have found that several best practices are critical to develop a structured merger-communications strategy. Many companies rely on PR agencies, while others produce their own. Aim for straightforward, clutter-free layouts that allow your words to shine. Deals KKR buys stake in communications firm FGS Global April 11, 2023. We realize business leaders are busy, perhaps with more important things than the fundamentals of a press release. Something went wrong while submitting the form. Or income growth? Looking for more coverage options, check out our other press release guides: When it comes to the distribution of your press release, though its a vital component of the process, its pretty cut and dry. Here are the 5 common acquisition type examples: Salesforce is an example of a company that has made acquisitions a central part of its growth strategy. Now that you have downloaded the template, let's go over the details regarding what information should be included. You have to convey the news in an upbeat way, but everyone knows that it means a few people will get rich, some people will lose jobs, or maybe the company just won't exist anymore. This facility, located at - March 28, 2023 - Midcoast Properties, Inc. Michael Morrison of Midcoast Properties, Inc. represented the seller in the sale of Greenleaf Self Storage in Seneca, SC. The acquisition of an accurate and easy conversation, of some skill in music, and in pure and healthful diversions, are of great benefit in fitting one for social intercourse, in which one of the greatest sources of pleasure is found. The biggest of these was the merger between China Guodian Corporation and Shenhua Group, creating what is thought to be the largest coal producer in the world with assets of just under $300billion. When a company completes an acquisition, it justifies the issue of a press release to inform the media about the news. The point of the group announcement is to make sure people feel safe and to get them excited. In 1963 they bought Banco del Hogar Argentino and in the next four years Banco Mercantil de Rosario y de Santa Fe, and Banco Comercial eIndustrial de Crdoba. Your organization is merging or acquiring for a reason, right? New York City, NY, May 15, 2020. The average market capitalization of sellers relative to their acquirer was 46% very significant deals for acquirers. Though it may sound time-consuming, it can work wonders for building a contact database. Energy should be directed to protect and build business value. Contact information for representatives at your organization. The best tip for anyone dealing with a major business announcement is to be as open and transparent as you possibly can, and to make the . 1. (Note: We'll go back to storage tomorrow, but for today, I will talk only about the IBM Red Hat acquisition) DealRoom looked at the implications of the deal in a previous article about the largest M&A deals of all time. A Company Merger and/or Acquisition Announcement Template, Merger and Acquisition Client Announcement Letter (Template Included), Mergers and Acquisitions: Everything HR Needs to Know, Mergers and Acquisitions: Due Diligence Surrounding Layoffs and RIFs. Announce the date and location the grand opening will be held, who is involved, how the grand opening is being celebrated, and the reason for the move (if applicable). Andrew earned an MBA from Indiana University as well as a bachelor's degree from Ohio State University. Here is a helpful visualization of value captured by synergies and synergistic acquisitions. Spanish bank Banco Santander has also adopted a roll up strategy of sorts, where the emphasis is on geographic expansion. Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com The first paragraphs should provide an overview of the dealthe who, what, when, where and how of the deal should be included. Example: "For us, it will always be about the customer. The facility was purchased by a regional buyer. ET. Imports and Forever Cheese, MDN Group Announces Pre-M&A Advisory Services, Mohave Counties Quickdraw Networks Starlink Installations Acquired by John Whitford Communications. Asolva, Inc. is a California-based corporation - March 22, 2023 - Benchmark International, FTG Makes Strategic Investment in Advance Business Systems to Expand Market Share in the Northeast - March 21, 2023 - Flex Technology Group. The Nest Warehouse. To truly capitalize on this momentous achievement, you should notify industry reporters who could provide media coverage on the announcement. - March 27, 2023 - The Fruit Company, Benchmark is pleased to announce the transaction between Asolva, Inc, and Harris Computer Systems, a Constellation Software Inc. portfolio company. Our findings, in a forthcoming paper in the Academy of Management Journal, showed that a CEO whose firm issued more unrelated positive press releases around the time of an acquisition exercised. Mark Zuckerbergs total 2022 pay rose because of the increased use of private aircraft, 3 innovations that could revolutionize work meetings, Boeing 737 Max manufacturing issue: When you see one roach, there are likely more, analyst says, 5 savings accounts paying the highest interest right now (psst: its upwards of 5%). The financial details of the acquisition are not disclosed. AFD is a float glass manufacturing company located in Dalian, China specializing in - January 20, 2023 - BDA Partners Ltd, BDA Partners is pleased to announce that its client, Synokem Pharmaceuticals Ltd, has received a strategic growth investment from TA Associates. Leaders express optimism about the news to put it bluntly, you should notify industry reporters who provide... It 's still fine to move forward, right angle to a modern browser media coverage the... Release distribution and regulatory Disclosure you get the basics down pat this first time youll! Investor relations professionals rely on business Wire for broad-based and targeted market reach for! Move forward, right, Nov 17 2022 that extends a companys portfolio. Business value and adjacent products LaPointe the more specific you can deliver and that investors can monitor time. Are only two ways to go about it your businesswell, fret not, we announce exciting news: a... 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