How Industry Consolidation Can Impact a Business Exit
Takeaway: Have you considered the stage of consolidation in your industry and how that might impact your plans for an exit? Consolidation will continue because it is a virtuous cycle where success attracts additional investment that generates further business advantage.
The Stages of Consolidation
There are three stages of consolidation. Well, actually four, but the last stage represents stability rather than consolidation. The stages are:
Stage 1: Fragmentation
Stage 2: Acquisitions
Stage 3: Expansion
Stage 4: Maturity