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.

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Got feedback or questions? Email Alex at alex.rawlings@raw-selection.com. Until next time—keep smashing it!

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