Supporting M&A Integration for a Growing Rocket Company

How to develop an efficient, effective M&A integration strategy.

Top 3 Areas of Impact

Helped senior leadership govern the execution of integration plans, decision-making, and issue resolution.

Implemented and executed a Day 1 readiness plan to prevent operational disruption.

Provided an online, interactive integration playbook.

Summary

A publicly traded rocket builder and launch services company acquired a U.S.-based second-stage rocket propulsion manufacturer to grow its market share. The company needed to integrate nearly all of the target’s functional areas, build a shared future operating model, and maintain employee morale. 


SERVICES PROVIDED
M&A Integration

Challenge

With this being the manufacturer’s first big acquisition, the company brought BDO in to lead the transition, align the target’s product and program offerings, and build internal integration capabilities.

Recommendations

BDO professionals organized an integration management office and built consensus around a transition plan for each functional area. Using web-based project management tools, BDO helped the manufacturer’s senior leadership team govern the execution of integration plans, decision-making, and issue resolution in real-time. By engaging the target and manufacturer’s employees, BDO worked to identify and mitigate potential talent flight risks. BDO also implemented and executed a Day 1 readiness plan to prevent operational disruption. 

Results

With the help of BDO’s integration support, the manufacturer is now focusing its efforts on delivering and operating spacecraft beyond low Earth orbit. 

  • During BDO's engagement, none of the manufacturer’s or target’s employees exited the company, nor were there disruptions to development or sales work on the day of the transition — both crucial to the company’s space flight ambitions. 
  • BDO provided an online, interactive integration playbook to help the manufacturer manage future acquisitions on their own.