25 E. Washington Street, Suite 1500

Chicago, Illinois 60602

312.580.1840

www.esc-chicago.org

info@esc-chicago.org

Mergers & Consolidations

For some agencies, the best way forward may be merging or consolidating with another organization. An effective consolidation ensures that the vital services each partner provides to the community are sustained while maximizing use of limited resources.

When exploring a merger/consolidation, the concerns and questions to be addressed can be overwhelming. ESC can facilitate the process as a neutral third party, deploying a consulting team that will walk agency leaders through a methodical review and planning process. Depending on each specific circumstance,

ESC will customize an approach based on one of more of the following aspects of an effective merger:

• Working with boards and staff to determine the benefits versus the costs and whether a merger/consolidation is appropriate, or what other options might be best
• Utilizing a customized due diligence checklist to identify possible pitfalls and opportunities for increased success, and obtaining formal commitment from each party
• Reviewing financial projections and preparing for integration of financial management and systems
• Implementing the merger or consolidation through integration of governance, operations and related factors
• Addressing the informal cultural aspects of each organization that matter to clients and staff