U.S. merger and acquisitions activity had another busy year in 2019, with total domestic M&A transactions at $1.1659 trillion, almost equal to 2018’s momentous year, according to reports from the fifth annual global transactions forecast by Oxford Economics Ltd. and Baker McKenzie.
With these transactions, many companies have been looking to acquire businesses with unionized facilities. Purchasers unfamiliar with operating unionized sites, though, can sometimes move too quickly, potentially triggering a host of legal problems and employee relations headaches. To protect against these issues, companies will want to take care and evaluate the following subjects when acquiring a unionized facility.
1. The structure of the acquisition matters.
2. Early strategic planning is important in asset deals.
3. Strongly weigh negotiating a new CBA.
4. Operating under a CBA can be very different.
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This article was originally published in Law360.