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When the M&A announcement is made, the CRE department is facing three immediate challenges:
- Fragmented Data…you don't have the data you need to make effective planning and implementation decisions quickly.
- Time. . . the deadlines given to you are aggressive.
- Resources. . .you don't have enough of the right people to get the work done.
Grogan Associates' M&A integration practice understands your issues and brings a wealth of experienced resources that are available to help you get the integration complete. Grogan Associates can operate as a role player in the overall integration project or can manage the entire CRE facilities integration.
Grogan professionals give an organization's CRE department the ability to scale up fast with expert M&A resources including:
- Early stage budget development
- "Playbook Development"
- Rapid master project plan development and management
- Communication plan development and management
- Facility Asset assessment and documentation
- "As Built" drawings
- Facility Condition Assessments
- Equipment documentation
- Security assessments and documentation
- Merchandising set-up documentation
- ADA compliance reviews
- Space Utilization
- Lease Abstraction
- Insurance Assessment
- Scenario Planning to match departmental consolidation strategies and combined real estate portfolio opportunities
Implementation
- Sub project scope development
- Vendor management
- Relocation of facilities and people while implementing new space plan
- Construction management of branding conversion and facilities upgrades
- Management of site consolidations (closings)
- Signage Conversion Management
WHY GROGAN M&A
Banking Merger Experience
Grogan Associates has supported over 20 bank mergers, including over 20% of the largest bank mergers in the last decade. No other professional services firm has more bank merger experience than Grogan Associates.
Flexible Resources
Leveraging its team of successful real estate project managers, facility experts, architects, field survey teams, design professionals, and construction administrators, Grogan Associates provides its banking clients with the seamless ability to quickly expand its merger team with qualified short term resources. As mergers have the pressure of tight deadlines, our clients have the flexibility to expand and contract when needed.
Cost Containment
Our best practices drive cost down and provide savings through innovative approaches. Our experience and cross-company leadership capabilities help keep projects on track, keeping ongoing expenses to a minimum. The most effective step a bank can take to control the cost of a merger is to have a team in place with the expertise and resources to make it happen as smoothly as possible.
Speed of Integration
CEOs and bank analysts expect results from a merger and it is often up to Corporate Real Estate to deliver the most visible piece of the integration. Quick facilities integration gives your customers and employees a sense of confidence. We deliver speed to the integration process, and that keeps shareholders and stakeholders happy.
Success
Failure is not an option in handling a merger integration. Meaning that whatever solution you choose, you have to be sure of success. That requires putting the best team together to get the job done quickly, efficiently and with the high level of quality your customers and shareholders have come to expect. Grogan Associates is the right team to help your CRE professionals get the job done.
HIGHLIGHTED BANKING MERGERS
Wachovia - First Union
First Union - CoreStates Financial Corp.
Wachovia - SouthTrust
Regions - Union Planters
BB&T - First Virginia
To learn more about how Grogan Associates can help your organization during a merger please contact us.
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