Reply To: Is your PMI process global or local?

#38089
Clark Murphy
Participant

I work for a team that does acquisitions here in the United States. And we have a pretty good PMI team! I will say this, we work in many states, which has different state regulation for what we do. We even have someone on our team who specializes in that. TypicalLy, if we do a transaction in a new state, that’s person responsibility is to find out what needs to be done in that state in order to finish that transaction. Typically, the transaction time gets extended and takes a little bit longer to finish that first transaction in that state. I would say the same would go for a new country. That transaction is going to take a little while longer as we finalize what needs to be done in order to complete it. What might take a 90 day transaction, might take a year to a year and half from an agreed purchase price to finalizing the transaction as we sort everything out.

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