The landscape of mergers and acquisitions (M&A) is changing, and companies are expanding their traditional approach to include a more expansive view. Alliances, partnerships, joint ventures, and special purpose acquisition companies all contribute to the strategic role M&A can play for business, according to the latest Deloitte M&A Trends Survey.
The responses from the Deloitte survey indicate that dealmaking will play an important role in business recovery after the initial impact of COVID-19 on the economy. Nearly half (42%) of the responses show interest in alternatives to traditional M&A. Of course, these strategies come with their own set of challenges.
The importance of a thoughtful integration strategy can’t be stressed enough. Take stock of your technology: Are the platforms, systems, and software solutions you have now adequate, or are critical changes needed to fully take advantage of growth opportunities? This includes a tax compliance solution that can scale with your business as it grows.