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Before making any acquisition it is important that you review your existing business to assess your motives and to identify your own strengths, skills and resources. Not only will this reveal if acquisition is indeed the best option but it will also identify any obstacles or short comings in your business that could prevent a successful combination.
Having established that acquisition is a viable option, you can then establish your criteria. It could be that you want to:
- increase your buying power with suppliers
- achieve consolidation of supply or markets
- acquire a distribution network for an existing product line
- reduce risk through product diversification
Sometimes the only way to achieve rapid growth is to acquire or merge with an existing business.
Whatever the underlying reasons, the one thing that all acquisitions strategies have in common is a desire to strengthn and grow the existing business.
Mergers and acquisitions need careful planning if a successful outcome is to be achieved.
Grant Thornton can help you at all stages of the acquisition process. Our services include:
developing and implementing an acquisition strategy
- identifying suitable targets
- securing financial support
- initiating discussions with potential targets
- negotiating, structuring and closing the deal
- post-acquision management.
Contact us about Acquiring a Business
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