Brown & Brown Insurance’s Post

Prioritizing people, company culture, and mental wellness is essential for a successful acquisition. It's great to see Brown & Brown leading the way in this approach! Too often, companies focus solely on the business aspects and forget that their people are their greatest asset.

Superb article from Tompkins Ventures regarding the importance of Culture evalution during M&A. Ignoring the Human Element Can Lead to Unforeseen Problems During Integration During due diligence, corporate M&A teams often focus on technology, systems and finances, not culture and talent. After all, enhancing the bottom line is the primary goal. Your workforce is the key to reaching that goal. But they have other concerns. They care about the changes in the organization, yes. AND they care that their health insurance transitions without a glitch. They care that their 401K is being managed by a different provider with different funds. They care that their PTO agreement is still the same or better. They care that their ability to be promoted is still viable. They wonder if this “new-co” is still a long-term opportunity for them personally. Unfortunately, many M&A teams pay only cursory attention to assessing culture and talent. But these soft issues are critical for any merger and acquisition deal to become a true success. Overlooking this step can lead to significant cultural clashes and major change management issues. The results? Endless problems with client and employee experiences. And likely endless problems with profitability, as well. https://lnkd.in/e2xugQz4

Who are The Liberty Company Insurance Brokers and what are our plans for the future? Check out this article from our CEO Bill Johnson who shares his vision for our company. #LibertySuccess #Culture #LibertyCompany #growthmindset

One of the most common regrets exiting owners experience relates to how their employees were treated in the process.  Learn the ways how to treat your team as part of your exit strategy: https://lnkd.in/dW55zAtK #exitstrategy #team #employees #businessowners #familybusiness #smallbusiness

One of the most common regrets exiting owners experience relates to how their employees were treated in the process.  Learn the ways how to treat your team as part of your exit strategy: https://lnkd.in/dkpWxYJ3 #exitstrategy #team #employees #businessowners #familybusiness #smallbusiness

One of the most common regrets exiting owners experience relates to how their employees were treated in the process.  Learn the ways how to treat your team as part of your exit strategy: https://lnkd.in/dkpWxYJ3 #exitstrategy #team #employees #businessowners #familybusiness #smallbusiness

When it comes to partnerships, there’s 𝗴𝗼𝗼𝗱 𝗻𝗲𝘄𝘀 And there’s some 𝘯𝘰𝘵 so good news Good news: ✅ It provides advisors with more resources ✅ Creates greater scale ✅ Built-in succession plan ✅ Well-rounded experience for clients ✅ Typically, an enhanced payout for all team members   Then there are those partnerships that are nothing more than an “arranged marriage”. They are brought together to try and solve for everything above, but they never find that synergy amongst the team members.     In these instance there is some not so good news.. 🔽 Often times members of the team have different goals and visions for the future 🔽 Assets are sticky to the firm making it harder to move 🔽 Timelines for when to retire and what the next gen looks like may not align 🔽 And your partners may be your closets friends/confidante, so it is hard to separate and start on your own path What type of partnership are you in? #wealthmanagement #financialadvisor

People matter most - a successful merger or acquisition can bring numerous benefits to a company. However, it's crucial to prioritize integrating employee benefits programs post-merger. Failing to do so can lead to disruptions and dissatisfaction among employees, impacting productivity. In this article, Senior Consultant Carolyn McVey provides valuable tips for ensuring a seamless transition and maintaining employee satisfaction during this critical period. #mergersandacquisitions #totalrewards #culture #alpha #deals #employeebenefits #employeeexperience

M&As can cause issues in many areas if not done the right way.

Check out this short video featuring Michael Olson, discussing how to prepare for Healthcare Practice Acquisitions. Contact me to learn more about how I can help your practice. #healthcare