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Business owners needlessly thwarting merger prospects

Adam Zuchetti
Adam Zuchetti
20 November 2016 1 minute readShare
Angry, business, frustration

The fear of losing control of their business through a strategic merger is likely hampering the growth prospects for many successful businesses.

The experience of merging his restaurant business with a pub operator has been much less painful for celebrity chef Matt Moran than many people would expect.

He said that, provided you have the right people to make the transition successful, a merger can actually be a very positive strategic decision.

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“In the merger, I don’t think I lost control because I had people that were doing jobs for me anyway. I had a CEO at Morsel before the merger, so it was basically just two companies came together,” Matt said while speaking on the My Business Podcast.

“Bruce [Sullivan] and I are the owners. We’re joint managing directors they call us these days. We have an agreement that if one doesn’t want to do something, we don’t do it. And, I think the strength of the business is that we are 50/50.”

 

According to Matt, one partner have ultimate control of the business “doesn’t really work”, and he advocated a collaborative partnership approach so that both business divisions can thrive under the merged entity.

“We don’t do anything unless we’re both committed to it. And it seems to work. Look, it’s worked for 18 years for us. It was just the management companies that came together. We became one,” he said.

Hear more business insights from Matt, and insights into how he went from a start-up to becoming a household name in his industry, on the My Business Podcast below:

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Business owners needlessly thwarting merger prospects
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Adam Zuchetti
Adam Zuchetti

Adam Zuchetti is the former editor of MyBusiness and a senior freelance media professional, specialising in the fields of business, personal finance and property. In 2020, he also embarked on his own business journey – inspired in part by the entrepreneurs and founders he had met through his journalistic work – with the launch of customised pet gifting and subscription service Paws N’ All.

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