At some point, all firm owners face a decision about the future of their business: Change, Sell, or Die. Organic growth is one way to change, and requires generational change and ownership succession to succeed.
Some mergers are true mergers, where similar-sized firms agree to go forward together. Otherwise, the idea of a “merger” means that you are selling your firm into a larger firm, which is an “acquisition” for the larger firm. Semantics.
M&A consulting provides support to design firms wanting to sell their business or buy a business. It includes Business Valuations and Acquisition Due Diligence.
Alternatives are to (1) Merge with another (usually larger) firm, effectively selling the business in return for shares in another business; and/or (2) Acquire other (usually smaller) practices.