Phase Three — Transition
The transition phase begins at the transaction close and is typically completed within 30 days. This is an "all hands on deck" phase. It involves substantial risk if not planned and executed properly. Mistakes made during this phase have irrevocable consequences with employees and customers and may ultimately contribute to declining company value. Early success is achieved by implementing your Day 1 plan and Week 1 plan to ensure momentum. Open and honest communication with employees of both the acquirer and the target is essential.
Much of the "blocking and tackling" activities of integration take place during Transition. The activities are focused on securing the assets of the acquired company, engaging employees, and completing the quick-hit strategies. Transition progress is continuously measured and tracked. The plans are refined with new information. Resources are prioritized to reach expected milestones.