As a beginning searchfunder I've been talking to small business owners in my community about their experiences and strategies as managers.  One recently mentioned to me that his human resources philosophy is "Hire good people."  That sounds great, but as a searchfunder, part of the deal is to take on someone else's choices in human resources.  Has anyone here experienced or heard of situations in which the employees at an acquired business just aren't working out?  How long should one expect most employees to take adjusting to new ownership?  Or have you been worried about taking on someone else's workforce but were pleasantly surprised at how smoothly that particular transition went?