Welcome to another episode of the Private Equity Podcast. Today, I’m joined by Scott Cook, an experienced Chief HR Officer with over 100 add-on acquisitions under his belt. We dig into what really drives successful integration—nailing culture, managing change, aligning roles, and avoiding the classic post-acquisition mistakes. If you want a no-nonsense guide to people, process, and performance in PE-backed services businesses, this episode is a must-listen. [00:00] Over 100+ add-on acquisitions and integrations, with a focus on commercial and residential services. [00:29] Private equity mistake: solving adaptive people problems with technical solutions. [01:51] Example: pay plan integration fails without addressing pride, fear, and control among legacy staff. [03:49] Change takes time, but skipping the adaptive side slows everything down. [04:45] “Intervention without diagnosis is malpractice.” [05:12] Change process: Transparency (what we know/don’t know), Humility (not always right), Authenticity (real conversations). [07:38] Run changes in parallel to prove success before full implementation. [08:33] Adaptive resistance often comes from fear of loss, not logic [09:30] Key issue isn’t just communication—it’s the resistance behind it. [10:55] Missed clarity of roles and vision derails integration. [12:22] Diligence mistake: confusing deal confirmation with actual diligence. [13:21] Integration failures often come from ignoring cultural misalignment. [14:47] Early lesson: distinguish between necessary and unnecessary endings—prune what’s dying or holding growth back. [17:08] Win trust early by changing non-critical items that don’t affect frontline staff or customers. [19:30] Founders often don’t work out post-acquisition—PE firms struggle to make them fit. [20:34] Sellers always experience some remorse—plan for it during diligence. [22:00] Ask: “What does ending well look like for you?” Define success before they exit. [24:23] CFOs and CEOs shouldn’t be in the weeds—define direction, context, and outcomes. [26:44] Great CFOs provide context, not micromanagement. Great CEOs delegate integration to focus on growth. [29:32] Former founders can still add value via advisory roles or special projects. [32:24] Pest control and HVAC still hot—residential M&A picking up, commercial lagging due to government slowdown. [35:20] Resi/commercial services sector is early in its PE wave. Tons of opportunity, but plagued by poor leadership and weak diligence. [37:37] Rise in fractional execs to bridge early-stage post-acquisition gaps. [38:39] Book recs: Why Should Anyone Be Led by You? – leadership authenticity Falling Upward – personal development and meaning Necessary Endings – pruning for growth [40:30] Scott reflects on making work meaningful in the second half of life—impact over income. [40:58] Falling Upward explores this journey. [41:28] Connect with Scott Cook on LinkedIn. Thanks for tuning in. Subscribe for more episodes on iTunes & Spotify Got feedback or questions? Email Alex at
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