Acquisitions could be the fastest way for you to grow!
We have facilitated millions of dollars in acquisitions of service based companies buying their competitors.
The hard truth is that many small business owners know very well how to perform the services they offer but they don't know how to operate and efficiently manage the business. These shortcomings can lead to a perfect opportunity to acquire their business and roll their customer base into your portfolio of customers. The ROI can be fantastic!
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The pros of growth through strategic acquisition
David Annis and Gary Schine, authors of the book "Strategic Acquistion: A Smarter Way to Grow a Company", explain the benefits of acquisition this way:
"Growth through acquisition is a quicker, cheaper, and far less risky proposition than the tried and true methods of expanded marketing and sales efforts. Further, acquisition offers a myriad of other advantages such as easier financing and instant economies of scale."
While the acquisition itself can be fairly easy, the aftermath to your current teams workload, management challenges and equipment needs can be challenging. Not only can we assist with the acquisition itself but we can help with the onboarding of the new customer base and help you identify your needs to ensure a smooth and successful transition.
