CFO THOUGHT LEADER

772: Inside the M&A Quarry | Andy Watts, CFO, Brown & Brown


Listen Later

Asked to highlight his experience in mergers and acquisitions, Andy Watts doesn’t need to weigh and measure the many deals that he has helped to execute over his three-decade-long finance career. Instead, Watts quickly points to the 2000s, when, as CFO of a division of Thomson Reuters, he sold off businesses responsible for nearly half of his division’s $120 million in annual revenues—a respectable feat that is perhaps even more impressive in light of the four new businesses that his division acquired during this same 12-month period.

“I got a really good frontline view of how to do M&As, and while I stubbed my toe on a number of them in the process, in the end we had them running like a Swiss watch and knew exactly how we were going to get the value out of them,” remembers Watts, whose 12-year career at Thomson included something of a surprise chapter that he now credits with having helped to open the door to an operations role.   

“I was sitting in a business review, and I began ‘barking on’ about how we were treating our customers—so the division president turned to me and said, ‘Okay, why don’t you go fix it?,'” recalls Watts, who notes that his initial his response was to try to step on the career break.   

Says Watts: “I said, ‘No, wait!’ But then she responded, ‘There is no one else who has expressed that level of passion about our customers and the experience that they deserve.’”

Over the coming years, Watts would oversee the company’s customer onboarding processes and the relationship management interactions that governed Thomson’s customer experience.  Looking back at the role that afforded him the title of Global Head of Customer Administration, Thomson Reuters, Watts realizes that this experience allowed him to complete his eventual trek to the CFO office. In 2014, he would leave Thomson and step into the CFO office at Brown & Brown, where a transformative acquisition was in short order added to the menu. –Jack Sweeney 

...more
View all episodesView all episodes
Download on the App Store

CFO THOUGHT LEADERBy The Future of Finance is Listening

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

122 ratings


More shows like CFO THOUGHT LEADER

View all
The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

172 Listeners

Masters in Business by Bloomberg

Masters in Business

2,172 Listeners

The McKinsey Podcast by McKinsey & Company

The McKinsey Podcast

392 Listeners

PwC's accounting podcast by PwC

PwC's accounting podcast

179 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,474 Listeners

Accounting Best Practices with Steve Bragg by Steve Bragg

Accounting Best Practices with Steve Bragg

261 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,100 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

173 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

335 Listeners

Inside the Strategy Room by McKinsey & Company

Inside the Strategy Room

169 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,902 Listeners

CFO Weekly by Personiv

CFO Weekly

43 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

353 Listeners

Planning Aces by Brett Knowles & Jack Sweeney

Planning Aces

1 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

76 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

160 Listeners