{"id":9411,"date":"2022-03-19T11:53:39","date_gmt":"2022-03-19T11:53:39","guid":{"rendered":"https:\/\/www.x4-technology.com\/?p=9411"},"modified":"2022-12-14T16:07:27","modified_gmt":"2022-12-14T16:07:27","slug":"lessons-learned-from-mergers-and-acquisitions","status":"publish","type":"post","link":"https:\/\/www.x4-technology.com\/us\/lessons-learned-from-mergers-and-acquisitions\/","title":{"rendered":"Lessons learned from mergers and acquisitions with Chad Anselmo, CEO of Corvia"},"content":{"rendered":"

[vc_row full_width=”stretch_row” el_class=”dark”][vc_column][vc_raw_html]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[\/vc_raw_html][vc_column_text]<\/p>\n

Chad Anselmo, CEO of Corvia (formally F1 Payments), has participated in a dozen successful M&A transactions, three payment company exits, and has progressive experience in financial planning, strategy, sales, marketing and operations.<\/span><\/p>\n

Corvia is a Texas based payments company empowering commerce by making the complex simple.<\/p>\n

[\/vc_column_text][\/vc_column][vc_column][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” el_class=”light”][vc_column][vc_column_text]<\/p>\n

What advice would you give to others when aligning cultures during an M&A? <\/strong><\/p>\n

You need to create an alignment of trust, and be open with the employees that will remain in the organization. If you communicate this early in the process, everyone can continue to get on with the work rather than worrying about updating their CVs.<\/p>\n

What have been the most effective communication strategies when navigating the complex M&A puzzle?<\/strong><\/p>\n

We\u2019ve always tried to keep a small group of people in the know and then it\u2019s about letting everyone know with full transparency what their role is, what they are going to do, and how it impacts them.<\/p>\n

How do you align your values during M&As? <\/strong><\/p>\n

You need to see if the values of the other organization are compatible with your own \u2013 and narrow them down to the most important ones. In our interviewing strategy, after we\u2019ve done the usual skills and management interviews, we have a cultural interview \u2013 just to get to know the employees and what makes them tick.<\/p>\n

What are your biggest challenges right now as CEO of Corvia?<\/strong><\/p>\n

After a period of hyper-growth, we\u2019ve since come down to a normal growth level. This has been challenging to deal with, especially when our identity has become wrapped up in a hyper-growth environment.<\/p>\n

It\u2019s easy to get emotionally attached to assets, which might lead to overpaying on them \u2013 it\u2019s important to trust your instincts on what you think is valuable. Understanding your limit allows you to be cognizant about which assets will help your business.<\/p>\n

What have been the most effective personal methodologies you have used to grow and develop as a leader? <\/strong><\/p>\n

The most important one is to continually ask for feedback \u2013 which is hard when you get to the leadership role, as people assume you know what you\u2019re doing! We also have a meeting once a year where we share our failures for the last year to help us work towards our common goal.<\/p>\n

Is there a book, podcast, or movie that you could recommend that you’ve taken some long lasting learns from?\u00a0<\/strong><\/p>\n

\u2018How To Become A CEO\u2019 by Jeffrey Fox which talks about how to identify the building blocks of what you need to become a CEO.<\/p>\n

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[vc_row full_width=”stretch_row” el_class=”dark”][vc_column][vc_raw_html]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[\/vc_raw_html][vc_column_text] Chad Anselmo, CEO of Corvia (formally F1 Payments), has participated in a dozen successful M&A transactions, three payment company exits, and has…<\/p>\n","protected":false},"author":5,"featured_media":12027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,20],"tags":[205],"class_list":["post-9411","post","type-post","status-publish","format-standard","hentry","category-insights","category-podcast","tag-leadership-learns"],"yoast_head":"\nLessons learned from mergers and acquisitions with Chad Anselmo, CEO of Corvia - 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