Rapid Corporate Merger

Think was engaged to manage the merger of two organizations; C-Power, a privately held Energy Management Company with another similar firm.

Services

Consulting, Strategic Hiring and Executive Advisory

The Challenge

Think was engaged to manage the merger of two organizations; C-Power, a privately held Energy Management Company with another similar firm. The executive team was newly formed, reporting to a private equity company in Florida, and they had over 500 projects to complete to successfully stand up the merged business, avoid regulatory issues, and avert loss of customers when we engaged with them. The immediate target completion for one agency (PJM) was set for 120 days to ensure temporary hires would not be needed to manually process hundreds of enrollments, costing tens of thousands of dollars.

The Solution

Think conducted a review of technological goals and objectives, derived a prioritized list of projects and completions standards, and developed a management strategy for the technological merger of the two companies. Think then engaged the market development, operations and IT teams to begin a Rapid Control Process and develop a project plan to meet the May 15th deadline. With the limited resources on the IT team and additional projects in the IT department, it was critical that work estimates and requirements were clearly defined and agreed to in order to achieve success and avoid manual processes and potential temporary hires.

The Results

Think produced a project plan with clear timelines for each set of required development and integration tasks, provided a resource plan showing the work involvement of each individual and created a strategic decision schedule to mitigate risks of missed development deadlines due to the lack of resources internally. Think provided progress updates for development to successfully reach the initial deadline of May 15 allowing PJM enrollments to be conducted successfully.