Michael Hoy, Executive Vice Chairman, Great Day Improvements
In this episode of the M&A Science Podcast, Michael Hoy, Executive Vice Chairman of Great Day Improvements, joins Kison Patel to discuss how a people-first approach drives M&A success. With 4,500 employees and $1.5 billion in revenue, Great Day Improvements has grown through strategic acquisitions while maintaining a strong culture. Michael shares insights on harmonizing financials post-acquisition, leveraging growth synergies instead of cost-cutting, and building trust to ensure smooth integrations.
Things you will learn:
How to scale M&A by focusing on people instead of cost-cutting
The importance of trust-building and transparency in integrations
Why aligning financials and data early ensures a smoother transition
How to foster a culture that drives sustainable growth
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Trailer Timestamps:
[02:00] Introduction to Michael Hoy and Great Day Improvements
[05:04] The value of a people-first M&A strategy
[07:09] Leveraging growth synergies instead of cost-cutting
[16:14] Building a strong referral-based growth model
[23:11] Aligning financials post-acquisition
[35:05] The decision-making philosophy
[42:30] Importance of trust and transparency in integrations
[50:45] Cultural challenges in M&A and lessons learned