1
Kingston Bryce Limited Expansion – Module #5
Frank Fodero
Rasmussen University
GEB3422: Business Project Management
David Jones
CBE: No Due Dates
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Kingston Bryce Limited Expansion – Module #1
The Board of Directors for Kingston Bryce Limited (KBL) has recently identified an opportunity to
purchase MG Custom Tables and Designs. KBL is currently the #1 retailer in the custom furniture dining
room table space in the State of Wisconsin. A result of the acquisition will allow for a 500% increase in
sales and tripling of its workforce as well as expand its market share in the Midwest. Aaron Kingston is
the Chairman of the Board of KBL and has hired Frank Fodero to be the project manager responsible to
handle the resources for the acquisition including the creation of a finished, written project plan
including tasks and milestones, project description / project scope, timeline, and key stakeholders, as
well as the finished project: the acquisition of MG Custom Tables and Designs within an 18-month
timeline for a cost not to exceed 5 million dollars.
Kingston Bryce Limited Expansion Project Description
Aaron Kingston is the Chairman of the Board for Kingston Bryce Limited which was founded in
1974 by his father. Since 1974, KBL has grown to be the #1 retailer in the state of Wisconsin in the
custom dining room table space. Increasing demand for high quality custom tables as well as the desire
to expand into other markets has led to the decision for KBL to begin discussion with MG Custom Tables
and Designs Owner Matt Griffins. MG Custom Furniture was established in 2014 by Matt Griffin ,
formerly VP Sales and Operations for Hammer Collection, a Los Angeles based custom furniture
manufacturer. Matt has been in the furniture manufacturing business for over 25 years and is an expert
in all aspects of the furniture manufacturing process and industry. He hired the same experienced high
quality craftsmen that had been working with him for all these years to produce the furniture and
designs you've come to expect. MG Tables and Designs is currently the #2 retailer in the Northern Illinois
market with annual retail sales more than $1,500,000 and a workforce of 400 employees. A successful
result of this acquisition will be increased sales and the expansion into a new market as well as a
substantial increase in its employees. KBL Board of Directors has set an 18-month completion timeline.
as well as a 5-million-dollar budget to complete the purchase. KBL has retained the services of Project
Manager Frank Fodero for this endeavor.
Tasks & Milestones for KBL Expansion Project
KBL desires to expand its business by purchasing its competitor in the custom furniture market
MG Custom Furniture with a working budget of 5 million dollars and an 18 month time line. As project
manager I have recommended to the Chairman of the Board the following time line and milestones that
will allow this merger to successfully take place. Several of the notable tasks include the working
departments of both companies: Human Resources, Legal, Marketing, Finance, Operations, Information
Technology and Research and Development. Task and Milestones have been broken down over the 6
quarters and include quarterly meetings with Chairman of the Board of KBL Aaron Kingston and the
Board of Directors of KBL.
Some of the major milestones will include the acquisition discussions with the Matt Griffin, the
Owner of MG Custom Furniture. Establishing the financing of the merger, combining the Human
Resources , Operations, Marketing, Research and Development and Information & Technology
departments as well as the continued employment of everyone from MG Custom Furniture that has a
desire to stay on at KBL.
Tasks have been assigned based on the product / institutional knowledge of the individual
stakeholders and their expertise. Some of the tasks include the negotiation of the terms of sale,
researching and securing finance options for the merger, creating new HR policies and procedures,
offering a updated benefits package, a new marketing plan and customer loyalty rewards program,
investment in information and Technology, researching new product lines and updating and continuing
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operations including the addition of shifts to meet the expected demand. Below is a detailed timeline of
tasks and milestones.
Tasks & Milestones Planned
Time Period Division / Department Description
Meet with KBL VP of Human
Resources Kim Zahn & MG
Furniture VP of Human
Resources Meredith Myers
Day 1 Q-1 Project Manager Frank
Fodero
Have initial Strategy meeting to ID
individuals from each company to be
included in the acquisition team.
Departments to be included (HR, Legal,
Marketing, Operations, Accounting,
Information Systems and Research &
Development).
Conduct working interviews
with individuals Identified by
HR Group meeting
Day 14 Q-1
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Conduct interviews with individual staff
of both companies to verify they are the
right fit for the acquisition team.
Create Acquisition Team /
Notify members of their
selection and secure meeting
date
Day 21 Q-1
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Establish the project team by using
available resources of both companies.
The Initial Team will consist of 15
members.
Conduct 1st Acquisition Team
Meeting with all assigned Team
Members and selected
Alternates
Day 30 Q-1 Acquisition Team
Meeting with the entire acquisition team
to lay out scope of project, tasks and
milestones, budget and time line as well
as communication plan and individual
task assignments.
Conduct Financial Audit of both
KBL & MG Furniture Day 60 Q-1
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Review all internal Financial Records of
both companies
Begin Negotiations to purchase
MG Furniture Day 60 Q-1
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Schedule initial meeting to begin
negotiations of the sale, transfer of
products and raw materials, transfer of
employees.
Meet with HR departments of
both companies Day 60 Q-1
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Begin initial HR review of Employee
Benefits
Meet with operation leadership
of both companies Day 60 Q-1 Project Manager Frank
Fodero
Begin initial discussions of how to
combine companies.
Meet with research &
development leadership of both
companies
Day 60 Q-1 Project Manager Frank
Fodero
Begin initial discussions of how to move
forward so not to duplicate efforts and
expend unnecessary resources.
4
Meet with marketing leadership
of both companies Day 60 Q-1 Project Manager Frank
Fodero
Begin creation of new digital marketing
plan to include website, customer
rewards program, monthly newsletter
and expand on traditional print and TV
media promotions.
Meet if information and
technology leadership of both
companies
Day 60 Q-1 Project Manager Frank
Fodero
Begin initial discussions on how to
merge companies.
Conduct Acquisition Team
Meeting with all assigned Team
Members
Day 90 Q-1 Acquisition Team Check-in meeting with entire team to
update everyone on results.
Continue Negotiate terms and
conditions of Sale Day 90 Q-1
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Continue to work towards a fair selling
price resolution for both companies.
Begin to arrange line of credit
increase Day 90 Q-1
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Work with company bank to establish
guidelines to obtain line of credit
increase to purchase the business, raw
materials and all land and buildings.
Meet with HR departments of
both companies Day 90 Q-1
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Meet with various insurance companies
to discuss upcoming benefit costs and
plans.
Meet with Operations team Day 90 Q-1
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Meet with the operation team to begin
action plan for increased production.
Look at possibility of adding a 2nd or 3rd
shift.
Meet with Research and
Development team Day 90 Q-1
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Meet with R&D to continue to research
adding multiple business lines to
increase sales.
Meet with Marketing Team Day 90 Q-1
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Meet to discuss the new website
Meet with Information &
Technology team Day 90 Q-1
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Meet to discuss computer software /
additional technology.
Full acquisition team meeting Day 90 Q-1 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, Discuss upcoming needs and
wants, Discuss issues and solutions.
5
Update KBL Board of Directors Day 90 Q-1 Project Manager Frank
Fodero
Update the Board of Directors of
Progress made, future plans
Create Business Case Day 100 Q-2 Project Manager Frank
Fodero
Create Business case for KBL to purchase
MG Furniture.
Meet with HR departments of
both companies Day 120 Q-2
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Research and begin to formulate plan to
merge company HR departments.
Meet with legal team Day 120 Q-2
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Continue to work towards a fair selling
price resolution for both companies.
Also Research new regulations for the
State of Illinois
Meet with marketing team Day 120 Q-2
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Continue to build out new Website and
Customer Loyalty Promotion
Meet with operations team Day 120 Q-2
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Evaluate Operation Procedures of both
companies and make recommendation
of best practices.
Meet with finance team Day 120 Q-2
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Complete the review of the financial
records of both companies, finalize lines
of credit
Meet with Information &
Technology team Day 120 Q-2
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Discuss pros/ cons of each company IT
teams and future goals
Meet with research &
development leadership of both
companies
Day 120 Q-2
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Discuss New product lines
Full acquisition team meeting Day 120 Q-2 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, Discuss upcoming needs and
wants, Discuss issues and solutions.
Meet with HR departments of
both companies Day 150 Q-2
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Begin 60-day review with Leadership of
Operations, IT and Research and
development to determine their
employment needs
Meet with legal team Day 150 Q-2
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Draft Final Purposely for the Sale of MG
Furniture to KBL
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Meet with marketing team Day 150 Q-2
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Finalize and Submit final Customer
Loyalty Program Options.
Meet with operations team Day 150 Q-2
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Begin 60 day review with Leadership of
HR to determine their employment
needs
Meet with finance team Day 150 Q-2
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Finalize final funding options
Meet with Information &
Technology team Day 150 Q-2
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Begin 60-day review with Leadership of
HR to determine their employment
needs
Meet with research &
development leadership of both
companies
Day 150 Q-2
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Begin 60-day review with Leadership of
HR to determine their employment
needs
Full acquisition team meeting Day 150 Q-2 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, Discuss upcoming needs and
wants, Discuss issues and solutions.
Meet with HR departments of
both companies Day 180 Q-2
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Continue 60 day review with Leadership
of Operations, IT and Research and
development to determine their
employment needs.
Meet with legal team Day 180 Q-2
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Finalize Sale and agree to Payment
schedule
Meet with marketing team Day 180 Q-2
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Work on Press Releases announcing
merger
Meet with operations team Day 180 Q-2
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Continue 60-day review with Leadership
of HR to determine their employment
needs
Meet with finance team Day 180 Q-2
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Begin 60 day review with Leadership of
HR to determine their employment
needs
7
Meet with Information &
Technology team Day 180 Q-2
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Continue 60-day review with Leadership
of HR to determine their employment
needs
Meet with research &
development leadership of both
companies
Day 180 Q-2
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Continue 60 day review with Leadership
of HR to determine their employment
needs
Full acquisition team meeting Day 180 Q-2 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, Discuss upcoming needs and
wants, Discuss issues and solutions.
Update KBL Board of Directors Day 180 Q-2 Project Manager Frank
Fodero
Update the Board of Directors of
Progress made future plans
Meet with HR departments of
both companies Day 210 Q-3
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Determine number of employees
needed. Begin to rewrite HR procedures,
policies and Employee Handbook.
Meet with legal team Day 210 Q-3
KBL Chief Legal Officer Dan
Henderson & Project
Manager Frank Fodero
Work with HR to rewrite Policies,
procedures and employee handbook
Meet with marketing team Day 210 Q-3
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Draft innovative marketing plan
Meet with operations team Day 210 Q-3
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Begin 90 Day review on how expand to
multiple shifts and raw material
acquisition.
Meet with finance team Day 210 Q-3
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Secure Financing for purchase
Meet with Information &
Technology team Day 210 Q-3
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Begin 90 day review on inventory
tracking system, work with marketing to
implement new customer rewards
program.
Meet with research &
development leadership of both
companies
Day 210 Q-3
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Submit Final new products for next
calendar year
Full acquisition team meeting Day 210 Q-3 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, discuss upcoming needs and
wants, Discuss issues and solutions.
8
Meet with HR departments of
both companies Day 240 Q-3
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Continue to rewrite HR procedures,
policies, and Employee Handbook.
Meet with legal team Day 240 Q-3
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Set closing Date
Meet with marketing team Day 240 Q-3
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
work on print media ads, new TV
commercial, social media posts
Meet with operations team Day 240 Q-3
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Continue to review on how expand to
multiple shifts and raw material
acquisition.
Meet with finance team Day 240 Q-3
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Establish new accounting procedures
Meet with Information &
Technology team Day 240 Q-3
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Work with HR on new software package
Meet with research &
development leadership of both
companies
Day 240 Q-3
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Work with operations to source raw
materials for new product line
Full acquisition team meeting Day 240 Q-3 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, discuss upcoming needs and
wants, Discuss issues and solutions.
Meet with HR departments of
both companies Day 270 Q-3
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Finalize all policies, procedures, and
employee handbooks. Finalize new
benefits package
Meet with legal team Day 270 Q-3
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Determine incentive packages for
current and potential transfer
employees.
Meet with marketing team Day 270 Q-3
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Finalize all marketing plans for next year
9
Meet with operations team Day 270 Q-3
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Complete review of multiple shifts, raw
material sourcing and determine final
number of employees needed.
Meet with finance team Day 270 Q-3
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Work with legal to finalize incentive
plans
Meet with Information &
Technology team Day 270 Q-3
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Finalize equipment requests for
expanded KBL
Meet with research &
development leadership of both
companies
Day 270 Q-3
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Attend Midwest Trade show
Full acquisition team meeting Day 270 Q-3 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, discuss upcoming needs and
wants, Discuss issues and solutions.
Update KBL Board of Directors Day 180 Q-1 Project Manager Frank
Fodero
Update the Board of Directors of
Progress made future
Meet with HR departments of
both companies Day 300 Q-4
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Begin internal employee reviews
Meet with legal team Day 300 Q-4
KBL Chief Legal Officer Dan
Henderson & Project
Manager Frank Fodero
Continue working with HR
Meet with marketing team Day 300 Q-4
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Continue to plan roll out of innovative
marketing plan
Meet with operations team Day 300 Q-4
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Finalize new operation plan
Meet with finance team Day 300 Q-4
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Continue to finalize funding
Meet with Information &
Technology team Day 300 Q-4
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Attend trade show to look at new
products
10
Meet with research &
development leadership of both
companies
Day 300 Q-4
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Attend International trade show in Las
Vegas
Full acquisition team meeting Day 300 Q-4 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, discuss upcoming needs and
wants, Discuss issues and solutions.
Meet with HR departments of
both companies Day 330 Q-4
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Prepare offers for transfer employees,
begin job posting for new positions
Meet with legal team Day 330 Q-4
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Update final purchase agreement
Meet with marketing team Day 330 Q-4
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
continue to work on innovative
marketing plan
Meet with operations team Day 330 Q-4
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Continue to work on new operation plan
Meet with finance team Day 330 Q-4
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
secure final financing for purchase
Full acquisition team meeting Day 330 Q-4 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, Discuss upcoming needs and
wants, Discuss issues and solutions.
Meet with HR departments of
both companies Day 360 Q-4
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Continue to Hire new needed workforce
Meet with legal team Day 360 Q-4
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Complete Final Purchase Agreement
Meet with marketing team Day 360 Q-4
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Announce Merger of 2 companies - press
releases
11
Meet with operations team Day 360 Q-4
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Continue to work new operations plan
Meet with finance team Day 360 Q-4
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Make the initial payment
Meet with Information &
Technology team Day 360 Q-4
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Continue to work on plan to merge the 2
IT departments
Meet with research &
development leadership of both
companies
Day 360 Q-4
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Continue to work on new product lines
Full acquisition team meeting Day 360 Q-4 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, discuss upcoming needs and
wants, Discuss issues and solutions.
Update KBL Board of Directors Day 360 Q-1 Project Manager Frank
Fodero
Update the Board of Directors of
Progress made, future plans
Meet with HR departments of
both companies Day390 Q-5
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Conduct Employee Meetings to discuss
new policies, procedures and benefit
package
Meet with marketing team Day 390 Q-5
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Launch new media campaign
Meet with operations team Day390 Q-5
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Continue to work operations plan -
conduct employee meeting at all work
sites
Meet with finance team Day390 Q-5
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Update Budget
Meet with Information &
Technology team Day 390 Q-5
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Continue to work IT plan
Meet with research &
development leadership of both
companies
Day 390 Q-5
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Continue to develop new products
12
Full acquisition team meeting Day 390 Q-5 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, Discuss upcoming needs and
wants, Discuss issues and solutions.
Meet with HR departments of
both companies Day 410 Q-5
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Continue to hold meetings with all
departments to discuss policies,
procedures, and benefit package
Meet with marketing team Day 410 Q-5
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Continue to Roll out New Marketing Plan
Meet with operations team Day 410 Q-5
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Continue to follow Operations Plan -
make finale arrangements to add 2nd
and 3rd shift
Meet with Information &
Technology team Day 410 Q-5
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Continue to work IT plan
Meet with research &
development leadership of both
companies
Day 410 Q-5
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Continue to develop new products
Full acquisition team meeting Day 410 Q-5 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, discuss upcoming needs and
wants, Discuss issues and solutions.
Meet with HR departments of
both companies Day 450 Q-5
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Continue to Hire new needed workforce
Meet with marketing team Day 450 Q-5
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Continue to Roll out New Marketing Plan
Meet with operations team Day 450 Q-5
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Continue to work operations plan -
conduct employee meeting at all work
sites
Meet with finance team Day 450 Q-5
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Make 2nd purchase payment
13
Meet with Information &
Technology team Day 450 Q-5
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Continue to work IT plan
Meet with research &
development leadership of both
companies
Day 450 Q-5
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Continue to develop new products
Full acquisition team meeting Day 450 Q-5 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, discuss upcoming needs and
wants, Discuss issues and solutions.
Update KBL Board of Directors Day 450 Q-5 Project Manager Frank
Fodero
Update the Board of Directors of
Progress made future
Meet with HR departments of
both companies Day 480 Q-6
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Continue to Hire new needed workforce
Meet with legal team Day 480 Q-6
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Prepare for sale closing
Meet with marketing team Day 480 Q-6
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Hold Celebration events at all sales
locations - kick off new customer loyalty
program
Meet with operations team Day480 Q-6
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Continue to work Operations plan
Meet with Information &
Technology team Day 480 Q-6
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Continue to work IT plan
Meet with research &
development leadership of both
companies
Day 480 Q-6
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Continue to develop new products
Full acquisition team meeting Day480 Q-6 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, discuss upcoming needs and
wants, Discuss issues and solutions.
14
Meet with HR departments of
both companies Day 510 Q-6
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Announce new company Organizational
chart
Meet with legal team Day 510 Q-6
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Begin final transfer documents - prepare
for sale closing
Meet with marketing team Day 510 Q-6
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Begin new Print and TV media campaign
Meet with operations team Day 510 Q-6
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Continue to work operations plan
Meet with finance team Day 510 Q-6
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Prepare to make final buy-out and sale
purchase payment
Meet with Information &
Technology team Day 510 Q-6
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
Continue to work IT plan
Meet with research &
development leadership of both
companies
Day 510 Q-6
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Continue to develop new products
Full acquisition team meeting Day 510 Q-6 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, discuss upcoming needs and
wants, Discuss issues and solutions.
Meet with HR departments of
both companies Day 540 Q-6
Project Manager Frank
Fodero, HR Director Kim
Zahn & HR Director
Meredith Myers
Final Transfers / Final Hirings
Meet with legal team Day 540 Q-6
KBL Chief Legal Officer Dan
Henderson & MG Furniture
Owner Matt Griffin &
Project Manager Frank
Fodero
Complete Sale
Meet with marketing team Day 540 Q-6
Project Manager Frank
Fodero, VP of Marketing KBL
Mark Foty
Roll out all innovative marketing efforts -
hold grand opening celebrations at all
locations
15
Meet with operations team Day 540 Q-6
Project Manager Frank
Fodero, VP of Operations
KBL Matt Skelly, VP of
Operations MG Furniture
Kirk McClelland
Finalize operation plan
Meet with finance team Day 540 Q-6
KBL CFO Danny Miller & MG
CFO Zack Gilmore & Project
Manager Frank Fodero
Make final payment
Meet with Information &
Technology team Day 540 Q-6
Project Manager Frank
Fodero, VP of Information &
Technology KBL Mike
Caverello
work IT plan
Meet with research &
development leadership of both
companies
Day 540 Q-6
Project Manager Frank
Fodero, VP of R&D KBL Sean
Gretsch, VP of R&D MG
Furniture Chris Grove
Continue to develop new products
Full acquisition team meeting Day 540 Q-6 Project Manager Frank
Fodero
Full Team Meeting - Update Tasks and
Milestones, Discuss upcoming needs and
wants, Discuss issues and solutions.
Update KBL Board of Directors Day 450 Q-6 Project Manager Frank
Fodero
Update Board of Directors of Completed
sale - any open items
Key Stakeholders for KBL Expansion Project
As the Project Manager I will utilize many of the departments of both KBL and MG Custom
Furniture. These will include Human Resources, Legal, Operations, Finance, Information and Technology,
Marketing and Research and Development. The project team will include senior leadership of those
departments as they all share in the outcome of the purchase of MG Custom Furniture. These
stakeholders were selected based on their product knowledge, institutional expertise and because their
departments will all be influenced and effected by the merger. Listed below are the stakeholders for this
project.
Name Position Company
Frank Fodero Project Manager KBL
Aaron Kingston Chairman of the Board KBL
Matt Griffin Owner MG Custom Furniture
Kim Zahn VP of Human Resources KBL
16
Meredith Myers VP of Human Resources MG Custom Furniture
Danny Miller CFO KBL
Zach Gilmore CFO MG Custom Furniture
Dan Henderson Chief Legal Officer KBL
Matt Skelly VP of Operations KBL
Kirk McClelland VP of Operations MG Custom Furniture
Sean Gretsch VP of Research and
Development
KBL
Chris Grove VP of Research & Development MG Custom Furniture
Mark Foty VP of Marketing KBL
Mike Caverello VP of Information and
Technology
KBL
Timeline for KBL Expansion Project
The Timing line for the expansion of KBL by purchasing MG Custom Furniture will consist of 6 quarters or
18 months to complete. Here is a brief review of the major elements of the timeline.
Quarter #1
Establishment of the Project Committee.
Begin negotiations for the sale of MG Custom Furniture to KBL.
Review both internal and external financial documents of both companies.
Conduct initial meeting with working groups of both companies from the major departments
that will be involved( Human Resources, Management, Marketing, Operations, Finance, Legal,
Information & Technology, and Research & Development).
Quarter #2
Create business case.
Continue to negotiate sale price.
Website creation
17
Customer Loyalty Programs
Draft Operations plan
Employee Reviews
Quarter 3
Create New policies and procedures.
Research new benefit package
Negotiate final sale price.
Draft innovative marketing plan.
Secure financial solutions
Research New product lines
Determine technology needs.
Quarter 4
Finalize operation plans / capital investments.
Make initial purchase payment.
Set closing date.
Determine number of employees needed per department.
Recruit & hire workforce.
Finalize marketing plan.
Quarter 5
Conduct employee engagement meetings.
Continue to build out operation plan.
Make second purchase payment.
18
Launch new print / social media campaign.
Finalize IT needs.
Determine New Product lines.
Quarter 6
Finalize employee transfers / address hiring needs
Close sale
Final purchase payment
Hold grand opening celebrations both internal and external.
Release new organizational chart.
Finalize Operations plan.
Final report to KBL Board of Directors
