WPI was engaged by SK Capital Partners for the acquisition / carve-out of Johnson & Johnson’s Noramco Division where WPI’s Mike Phillips served as Project Manager. Several critical path items were identified as potential deal breaker issues. However, the most significant was the new ERP requirement for Noramco’s European Operations. The task was completed successfully in an extremely short timeframe by executing the following process:
- Issue Identification – First to identify and communicate as the most critical issue impacting deal close.
- Drive Action & Consensus – Empowering speech convincing joint (Buyer / Seller) workshop that the European ERP issue was the deal breaker
- Resources – Resourced project team with appropriate talent.
- Evaluated Systems – Streamlined the approval process to avoid analysis paralysis – selected the ABACUS system.
- Managed Implementation – Coordinated strategic and tactical support to meet the deadline.
The new system was implemented and functional in 6 weeks. All other critical path items were resolved, and the deal closed in July 2016, approximately 2 months before the contractual deadline.
“Mike Phillips, we cannot thank you enough for your leadership and everything you’ve done. We could not have done this without you.”
— Anthony Ambrosini – CFO Noramco Inc.