It would depend on the stage of the company and level of growth expected by the key management. If the company is using acquisition as a method to grow, it would be very active in seeking out targets and would require a dedicated M&A team. Otherwise, if it is only concentrated on acquiring start-ups, the company can assemble an in-house team for the due diligence and integration period among its existing pool of staff. Alternatively, an external consultant can be hired when a potential M&A deal arises and due diligence or integration issues have to be solved.
