Lisa Thomas at LaMont Engineering - Lisa Thomas has been working with LaMont Engineer for 15 years and since she graduated. - LaMont was now a subsidiary of Munday Consultants, Inc., however, and the post-merger integration was proving difficult. Thomas had been appointed as LaMont’s lead on the acquisition transition team and was charged with making the integration a success. She needed to convince her LaMont colleagues to implement certain changes to make the acquisition succeed, but she wasn’t entirely sure how to accomplish this. - In early 2017, Thomas completed an estimate for a multimodal development and realized that such projects would need more capital and resources (the company don’t have enough capital and resources) so Thomas wrote a memo to Ken Lauffer and Stan Montgomery, who founded the firm and still ran it saying that it’s time for Lamont to develop in order to remain competitive and both agreed so in 2018, Lamont was agreed to sell it to Munday Consultants which had enough capital and systems to help Lamont win multimodal bids. Moreover, Thomas was appointed to lead the acquisition transition team. - LaMont’s employee was shocked by the acquisition but no one said that because of Thomas the acquisition occurred. - La Mont’s top priority was designing projects to improve the communities in which they operated and Munday’s resources would enable LaMont to achieve this goal. - Munday also appeared committed to making the acquisition work for both companies because it recognized the value of employees’ local relationships. - Munday’s CEO, Jan Dean, announced the acquisition at LaMont’s headquarters and promised to implement changes slowly and he said in order to make the acquisitions work, it depends on relationships and to succeed, Munday needs your partnership. - After Thomas past week at Munday’s offices, she felt responsible to convey her peers to make changes in a positive way, but she knew her peers would disagree because she was only the messenger. Multimodal Development - This refers to the integration of multiple transportation option into communities. Before, they focused on the integration of multiple transportation options into communities but then they focused on building communities that reduced the need for transportation by incorporating office,
housing, schools within short distances. Many experts also believed that this is the sustainable urban planning. - The increasing popularity of multimodal projects changed the market for project management and civil engineering. A firm that won a bid on a multimodal project could enjoy a revenue stream lasting for a decade or longer. Nonetheless, such bids cause numerous challenges and required significant resources.3 Because such projects took such a long time to complete, and several distinct entities funded and approved them, a bidding firm needed to do the following: 1) Demonstrate (show) access to significant capital to guarantee financial solvency throughout the development process.
- Three '18
- Test, Capacity utilization, Lamont