What are the differences between integration projects for PE PortCos v. F500 companies? Which do y'all enjoy more and why?

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PE portco can be very dependent on the investment type. If it’s a roll up often the integration will be pretty light touch.

F500 will typically go much deeper and have a large focus on compliance, controls, etc in the early phases

likehelpful

I agree that the initial integration is certainly light touch, rolling up financials focused, and there's much lower expectations to fit everything into a defined time box.

But there can still be a lot of work with long tail integrations like consolidating back office, consolidation of GTM ops, product and services combinations, integrating marketing funnels, centralizing deal desk, data compliance etc. The good thing is there's so much more wiggle room on how you want to fit these in and how you want to sequence them. Most of these bleed into internal initiatives so unlikely you'll see consultants overseeing the PMO of all of these things as an official "IMO".

To D1s point, also depends on the type of roll up. Some are more tightly integrated, others behave more more like a holding company

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F500 integrations also generally take longer, are less stressful and focus on streamlining technology and processes (if done right).

In my experience PE integrations are slash and burn and slam together projects…minimum viable product in shortest possible timeline to get synergies and prepare to sell.

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Yup and PE portcos will be like what can you do for $5 that’s our budget

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Pace. At a portco, you are integrating in half the time at F500, or faster.

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The PE portco will expect you to do all the work for 1/10th of the money.

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And call you at 2am demanding analysis by 8am.

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I run integrations at a PE portco. D1 is completely correct. Fast and furious and not nearly as meticulous as what you’d do at a F500

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