Should every large and midsize company have a team or person dedicated to M&A?

I am currently apart of an M&A team now, for the company I work for. But my industry is very active in M&A. I think its great to have a team. It makes sure that M&A activities doesn’t bother operations. We makes sure to find deals and to bring in Operations when the time is right, while they still run the day to day operations. They also will inform us, where they would like to look for acquisitions. With that in mind, I would like to know your thoughts on that should every large and midsize company have a team or person just dedicated to M&A?

I know some industries will not be that active in acquisitions, while others will.