Maximizing value from a merger, carveout or divestiture requires meticulous planning and seamless execution. We partner with private equity sponsors and their portfolio companies from pre-close planning through standalone operations, so you start capturing value the day the transaction closes.
MERU colleagues have led integrations and carveouts for PE-owned companies, including serving as Chief Integration Officer. We have carved businesses out of US and European public companies, set up and managed Transition Service Agreements (TSAs) for domestic and international sellers, and combined multiple acquisitions into a single operating platform.
Restructuring is how MERU started, so we also know how to support underperforming or neglected divisions once they stand on their own. Our in-house Data Architects help sponsors take control of their data quickly, rather than relying on the seller's reporting under the TSA.
Service Offerings
- Integrations: Day 1 and Day 100 plans, integration management office, synergy tracking and interim leadership, including Chief Integration Officer roles
- Carveouts: Bottom-up standup and operating cost estimates, end-state operating model, separation roadmap and Day 1 readiness
- Transition Service Agreements: Define services to support negotiations, stand up TSA management and controls, and execute an expedited exit from the TSA
- Divestitures: Help sellers assess carveout options, build standalone P&Ls and cost estimates for buyers, and define TSA service levels
Value Proposition
Standup and operating costs in the CIM are typically underestimated, and the risks surface fast after close: customer service levels, supplier pricing, key-person retention, TSA service levels and lender reporting. We quantify these risks with the deal team before close and agree on mitigation plans, from retention packages to customer and vendor communications. Our tools are simple and pragmatic, including workstream management, integration roadmaps, synergy tracking and risk assessments. Where needed, our team steps in as interim leaders so the business stays focused on the day-to-day operations that drive EBITDA.
Representative Case Studies
CLIENT |
TAG |
DESCRIPTION |
|---|---|---|
| $450M Home Furnishings Manufacturer | Integration | Served as Chief Integration Officer, delivering $25M in annualized benefits by merging two PE-owned companies in nine months |
| $400M Industrial Waste Company | Integration | Integrated five family-owned businesses and established a common operating system, processes and data infrastructure for consolidated reporting |
| $350M Consumer Products Distributor | Carveout | Carved out a $100M brand from a public company and merged it with a portfolio company, standing up new processes, systems and leadership |
| $500M Commercial Building Supplier | Divestiture | Supported the seller with carveout options, standalone cost estimates for buyers and a TSA roadmap with defined service levels |
Practice Leadership
