I mostly echo the sentiments above. If a company has intentions to grow inorganically through M&A then having a team would certainly help. Having said that, I also think that if an organization wants to have an M&A team it needs ensure its properly resourced such that the team can increase efficiency, progress projects in an orderly way and reduce the costs of external consultants. I’ve seen M&A teams which do nothing more than validate financials and then pass on the project and co-ordination to the proposers/stakeholders. In the end, it becomes a costly internal function with very little added value.
