Merger Ahead? Why One Makes Sense
Lately, there has been a lot of mergers and acquisitions going on between mid-market and even large market companies. Why should a business owner merger their business or acquire another? Acquisitions generally happen for a purpose and those reasons include the following or some combination thereof:
To grow sales and profits
To eliminate competitio
To acquire customers
To acquire staff
To acquire rights to sell products not currently handled
To spread overhead and support staff costs over a broader base
To afford additional corporate support services
To add best practices by adopting superior processes and systems used in the acquired firm
To use acquisition as a bridge to future acquisitions
To acquire a business name that has a good reputation and following
To add existing locations/facilities through the acquired firm
To immediately increase revenue levels
The Center routinely advises on these matters and performs business valuations and succession plans as well.
