Yes they should! and here is why: You have a business that runs day to day, they are usually called the “operations” or “operators”. For obvious reasons, with out them, there is no sole business. You don’t want them to take away there focus on running the business day to day and focus on an acquisitions when they become present. Now if you have a dedicated Pre and Post M&A Team, that would not take away from the operators running the day to day business. A pre M&A team finds the acquisitions, filters them, and convince the operators on why the should acquire this business. There sole focus is just acquisitions. While the post M&A Team make sure the newly acquired business is trained and integrated with out bothering the operators.