October 30, 2024
You may have been approached in the past about purchasing a competing funeral home, or maybe you have actively approached some of your competitors about purchasing their firm so you can grow your market share. One way or another, you have probably heard something about Mergers and Acquisitions (M&A). It’s true that acquisitions can be a great way to grow your business, but you should understand the risks associated with them. Alarmingly, studies show that between 70% and 90% of acquisitions fail to deliver the anticipated value. Despite these statistics, M&A activity continues to rise, fueled by the demand for growth amidst sluggish organic expansion. Understanding the inherent risks associated with these transactions is essential for navigating these challenges effectively. Overpaying Overpaying for an acquisition is one of the most critical risks in M&A. The valuation gap between buyers and […]