We are a small company (~$30M in revenue), so our team begins with our executive team (4 of us) for evaluation of the opportunity. Once we make a decision that we would like to pursue further then we expand that to the president’s staff. Between the 8 of us (including the president), we cover all aspects of the company. Each of us then brings in our own staff members as needed. For instance, as CFO, I have responsibility for IT, Purchasing, HR and Accounting/Finance at my company. I will bring my managers into the process as the transaction warrants.