How to navigate long-standing seller relationships during the ownership transition?

searcher profile

January 21, 2026

by a searcher from The University of Michigan - Stephen M. Ross School of Business in Detroit, MI, USA

Hi all, posting anonymously as I’m currently in active diligence and would appreciate perspectives from those who have closed or are further along in the acquisition journey. I’m evaluating a business in the travel services space that operates as a two-sided marketplace, connecting property owners who offer short-term vacation inventory with end customers who rent those stays. A key area I’m thinking through is how to navigate long-standing seller relationships during the ownership transition. On the supply side, many property owners have worked directly with the seller for 10–15 years and are accustomed to contacting them on their personal cell whenever they want to offer availability or ask questions. On the demand side, repeat customers who have previously rented also reach out to them directly by phone for inquiries or bookings. These relationships are very sticky and valuable, but today they are largely tied to the individual rather than the business entity. For context, there is no customer or supplier concentration risk, and relationships are diversified despite being long-standing. As part of the transition, I plan to establish a dedicated business phone and standardized communication workflows. The seller has agreed to support the transition through joint customer introduction calls, remain full time for the first three months post-close, and then provide up to nine additional months in a consulting capacity. The transaction also includes a 15% seller note amortized over 10 years, which helps align incentives post-close. For those who have navigated similar situations: - How did you transition long-standing personal relationships to company-owned communication channels? - Did you phase this over time or establish a clear cutover point? - How long did you keep the seller customer-facing? - Anything you wish you had structured differently pre-close? Appreciate any insights or lessons learned.
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commentor profile
Reply by an intermediary
from Georgia Institute of Technology in Houston, TX, USA
Thanks for the tag ^redacted‌. Not knowing the motivation for the seller, I'm assuming it's for retirement or easing down. (I work primarily as sell-side advisor or intermediary). Once closing occurs, the seller's interest in the day-to-day wanes as they're no longer the owner or major decision maker. Hence, you want a proactive and highly positive campaign by the seller introducing you to the key relationships. Does the seller have properties themself? In a lot of cases they do. Have him/her say something like "I've really enjoyed our time together and our personal relationship. I've decided to move on and have selected "you" to run the company. I've even got my properties that "you" will manage. Very soon, "you" will reach out to introduce himself/herself and get to know you better." Something positive that opens the door but also shows he trusts you as should they. You then share with them how you want to provide the best service possible in the future and there may be times you're unavailable. Hence, please follow this process....you're always available for an escalation you want to make sure they're serviced in as timely a fashion as possible. Not knowing specifics about the deal, structure, LOI, the only thing that stands out to me is the length of the seller's note at 10 years. Unless they're financing a large percentage of the deal, that's a long time and not as strong a motivator for helping. A shorter note that still works within your financials keeps them more motivated. Either way, they fade more over time. Hope helps. Good luck!
commentor profile
Reply by an intermediary
from The University of North Dakota in Minneapolis, MN, USA
A seller note is similar in many ways to rollover equity. With that being said, the owner could introduce you as a new business partner. I am bringing on a partner to help grow the company is better received than I've just sold my company and meet the new owner.
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