Outdoor 1-8 - Williamsport/Lycoming Chamber of Commerce

10
Williamsport Sun-Gazette, June 2013
Leadership Lycoming
Class of 2013
Graduation
Monday, June 24, 2013
11:30 am
Genetti Hotel
Register online at www.williamsport.org
or call the Chamber at 570-326-1971
Join in the celebration of the following class
participants as they graduate as the
Leadership Lycoming Class of 2013:
Susie Bigger, Williamsport Area School District
Jonathan Blackwell, Lonza, Inc.
Jeannine Feigles, CRS Advanced Technology
Joe Geffre, Pennsylvania College of Technology
Greg Harrison, Susquehanna Health
Nicole Hayes, Transitional Living Centers, Inc.
Megan Lehman, Lycoming County Department of Planning
& Community Development
Melissa Magargle, Family Promise of Lycoming County
Matt McLaughlin, Susquehanna Health
Jonathan Nichols, ParenteBeard, LLC
Sherry Paulhamus, Range Resources
Julie Reppert, Williamsport Sun-Gazette
Joshua Rogers, Rogers Uniforms
Stacie Schearer, Halliburton Energy Services
Glenn Smith, II, First Community Foundation Partnership
of PA
Jamie Snyder, North Central Sight Services
Brent Stahlnecker, Little League International
Adrian Temple, Roche Financial
Laura Templeton, RETTEW Associates
Mark Thompson, Hope Enterprises
Anne Tiberia, M&T Bank
Kimberly Vanemon, IMC-Innovative Manufacturers’ Center
Adrienne Wertz, Lycoming County United Way
Heather Willis Lewis, McNerney, Page, Vanderlin & Hall
Geralda Xavier, Williamsport Regional Medical Center
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M&A Due Diligence
By Gary Papay, M&AMI
Merriam-Webster
Dictionary de!nes due
diligence as “research and
analysis of a company or
organization done in preparation
for a business transaction.”
Some even look at
it as a pre-marital background
check and counseling.
But it should be noted
that dissolving a merger is
much more dif!cult than
ending a marriage if things
aren’t as they appear.
Ultimately, due diligence
is the process of
being sure that things are
as they appear before a
deal is sealed. For someone
considering a merger or
the purchase of an existing
business, the review
of documentation and the
answers to your due diligence
questions are critical.
There’s no doubt it is a
complex process that can be
time-consuming. But with
so much on the line with a
merger or acquisition, you
don’t want to make a decision
without all of the information.
You want to be sure
everything is reviewed and
all questions are answered
to your satisfaction.
During the due diligence
process, an often
lengthy list of documents
should be provided. The list
of documents should cover
a range of areas, including:
Legal structure and incorporation
of the company;
IRS records; Insurance policy
information; Organizational
sturcture; Personnel
policies; Operations; Capital
and real estate; Contracts,
licenses, agreements and
af!litations; Technology
and Intellectural Property;
Current or potential legal
liabilities; Marketing materials.
Today more than ever,
buyers are putting more
emphasis on the due diligence
process. And while
the !nancial aspect is a
key component, the due
diligence process should
also consider organizational
items. Be sure to see documentation
and ask important
questions about the
company’s culture, strategy,
leadership and competencies.
To properly address and
evaluate all of the areas of
the due diligence process,
you want to assemble the
best possible team. Work
with that team, including
your business intermediary,
throughout the process
to review and evaluate the
documents and information
you receive. It’s also important
to keep an open mind.
Be sure that you get all of
the information you need,
but don’t assume that you
will !nd something wrong.
Although the due diligence
process may take considerable
time, it’s a critical
part of any transaction and
should be considered the
foundation of the entire
deal.
Gary Papay, CBI, M&AMI,
President of CK Business Consultants,
Inc. is a professional
intermediary and business
appraiser with more than 37
years of experience in the sale
and transfer of privately held
mid-market companies. Gary
has attained the designation of
Merger and Acquisition Master
Intermediary with the International
Business Brokers Association
and M&A Source. Gary
can be reached at gpapay@
ckbc.net.
The views expressed in this
article may not neccessarily be
those of the Williamsport/Lycoming
Chamber of Commerce.
Leadership Lycoming would like to thank the
following for their support of our Leadership
Lycoming program days:
History & The Arts Day
Program Day Sponsors - Hudock Moyer Wealth Resources
and Keystone Advertising Specialties
Program Day Hosts - Rene Rhine, Residence Inn,
Gina Kennedy, Williamsport/Lycoming Chamber of
Commerce
Tour Hosts - Judy Olinsky, Susan Kelly, Community
Arts Center, Rowley House, Uptown Music Collective,
Thomas T. Taber Museum
Environment Day
Program Day Sponsors - PPL Corp & its Af!liates,
Glenn O. Hawbaker, Inc., Anadarko, Ralph S. Alberts,
and AmeriSpec Home Inspection Service
Program Day Hosts - Linda Philbin, Keystone Advertising
Specialties, Bob Coppadge, Community Services
Group
Tour Hosts - Lycoming County Land!ll, Lonza, Inc.
Closing Session
Program Day Hosts - Mike Drawbaugh, Select Security,
Debbie Miller, Pennsylvania College of Technology
Location Host - Penn College Aviation Center
Tour Host - Williamsport Regional Airport, Penn
College Aviation Center
And a special thank you to all our program day
speakers and River Valley Transit for transportation"