Executive Summary |
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1 | (26) |
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1 | (2) |
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Chapter 1 An Overview of Process Safety |
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3 | (2) |
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Chapter 2 The Merger and Acquisition Process |
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5 | (2) |
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Chapter 3 Screening Potential Candidates |
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7 | (2) |
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Chapter 4 The Due Diligence Phase |
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9 | (4) |
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Chapter 5 Developing the Integration Plan |
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13 | (5) |
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Chapter 6 Implementing the Integration Plan |
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18 | (4) |
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Chapter 7 M&A In The Future |
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22 | (2) |
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24 | (3) |
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1 An Overview of Process Safety |
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27 | (20) |
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1.0 Courtney's story - continued |
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27 | (1) |
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28 | (3) |
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1.2 Understanding the basics |
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31 | (1) |
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1.3 Hazard versus Risk - Is there a Difference? |
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32 | (2) |
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1.4 Good Injury Rate Does Not Equal Good Process Safety Performance |
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34 | (2) |
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1.5 Understand the Hazards of Chemicals Handled on Site |
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36 | (4) |
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1.6 Don't forget about the Dust Explosion Hazard |
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40 | (1) |
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1.7 Unique Considerations at Facilities that Handle HHCs |
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41 | (2) |
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1.8 Resources for Process Safety |
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43 | (4) |
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2 The Merger and Acquisition Process |
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47 | (16) |
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2.0 Courtney's story - continued |
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47 | (1) |
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2.1 Changing World of Corporate Profiles |
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48 | (1) |
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2.2 Overview of the M&A Process |
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49 | (3) |
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2.3 Scalability (big/small; single site verse multiple site deals) |
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52 | (1) |
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2.4 Key Terms and Concepts |
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53 | (4) |
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2.5 Process Safety in the M&A process |
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57 | (3) |
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2.6 Financial Strategists can have high impact on process safety systems |
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60 | (3) |
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3 Screening Potential Candidates |
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63 | (14) |
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3.0 Courtney's story - continued |
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63 | (1) |
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3.1 Using Public Domain Information for Screening |
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64 | (10) |
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3.2 Using a Checklist to Identify Potential Process Safety Issues |
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74 | (3) |
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4 The Due Diligence Phase |
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77 | (40) |
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4.0 Courtney's story - continued |
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77 | (1) |
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78 | (3) |
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4.2 The Divestment Due Diligence |
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81 | (16) |
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82 | (1) |
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4.2.2 The Internet and Intranet Searches |
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82 | (1) |
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4.2.3 Pre-site Visit Review |
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83 | (1) |
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4.2.4 The Due Diligence Site Visit and Document Review |
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84 | (3) |
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4.2.5 Vendor Due Diligence Report |
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87 | (2) |
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89 | (2) |
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91 | (3) |
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4.2.8 Question and Answer Management |
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94 | (2) |
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4.2.9 Reverse Due Diligence |
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96 | (1) |
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97 | (17) |
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4.3.1 The Internet Search and Initial Data Gathering |
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99 | (1) |
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4.3.2 Vendor Due Diligence Report |
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100 | (1) |
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100 | (3) |
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4.3.4 Due Diligence Valuation for Bid |
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103 | (1) |
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104 | (3) |
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4.3.6 The Site Visit and Document Review |
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107 | (3) |
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4.3.7 Due Diligence Report and Valuation |
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110 | (4) |
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114 | (3) |
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5 Developing The Integration Plan |
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117 | (36) |
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5.0 Courtney's story - continued |
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117 | (1) |
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5.1 Developing the Integration Plan and Process |
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118 | (35) |
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5.1.1 Step 1 Establishing the Boundaries for the Integration Process (i.e. Establishing the Integration Strategy) |
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120 | (4) |
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5.1.2 Step 2 Establishing the Expectations for the Process Safety Program |
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124 | (3) |
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5.1.3 Step 3 The Process Safety Integration Team |
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127 | (4) |
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5.1.4 Step 4 Assessing the Gap between the Current Approach and Expectations |
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131 | (5) |
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5.1.5 Step 5 Developing the Action Plan |
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136 | (17) |
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6 Implementing the Integration Plan |
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153 | (32) |
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6.0 Courtney's story - continued |
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153 | (1) |
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6.1 A Generic Change Model |
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154 | (6) |
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6.2 The Integration Path Forward |
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160 | (15) |
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6.2.1 Step 1 Get the `hearts' of the newly acquired business leads to accept the Vision and Strategy for the integration process |
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160 | (1) |
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6.2.2 Step 2 Appointing and chartering Integration Implementation Teams |
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161 | (14) |
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6.3 An Alternate Bottom-Up Approach to Integration |
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175 | (3) |
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6.4 Differences Between Facilities, Business Units |
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178 | (1) |
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6.5 Step 3 Working Through the Implementation Itself |
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179 | (6) |
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185 | (8) |
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7.0 Courtney's story - continued |
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185 | (8) |
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193 | (116) |
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Appendix A M&A Process Safety Checklist |
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193 | (80) |
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M&A P.S. Checklist - Commercial Evaluation Phase |
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194 | (7) |
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M&A P.S. Checklist - The M&A Team |
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201 | (2) |
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M&A P.S. Checklist - Data Room Information |
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203 | (14) |
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M&A P.S. Checklist - Planning The Site Visits |
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217 | (2) |
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M&A P.S. - Issues To Be Investigated During The Site Visits |
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219 | (16) |
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M&A P.S. Checklist - Process Safety Issues To Be Considered |
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235 | (6) |
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M&A P.S. Checklist - Assessing Major Hazard Risks |
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241 | (4) |
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M&A P.S. Checklist - Process Safety Management & Culture |
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245 | (8) |
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M&A P.S. Checklist - Process Safety Staffing Issues |
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253 | (2) |
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M&A P.S. Checklist - Hazard Identification Issues To Evaluate |
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255 | (2) |
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M&A P.S. Checklist - Management Of Change Issues To Investigate |
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257 | (4) |
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M&A P.S. Checklist - Mechanical Integrity Issues To Investigate |
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261 | (4) |
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M&A PS Checklist - Process Safety Issues To Examine |
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265 | (2) |
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M&A PS Checklist - Process Safety Procedures To Examine |
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267 | (4) |
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M&A P.S. Checklist - P.S. Audit Issues To Consider |
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271 | (2) |
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Appendix B An Exemplar Integration Plan & Budget |
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273 | (36) |
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Guidance For Using The Plan And Budget Spreadsheets |
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275 | (4) |
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An Exemplar Integration Plan |
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279 | (22) |
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Exemplar Integration Budget |
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301 | (8) |
References |
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309 | (4) |
Index |
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313 | |