Before engaging the company in an external growth policy, in many cases the first External growth operation begins with buying a smaller structure in difficulty or not, or even a competitor you know or who has identified you as a serious business player and wishes to sell his business.
This opportunity is often not particularly expected and you must be able to react in a very short time . And of course in addition to your daily job which is often well occupied.
If the primary motivation is of course the search for growth, the choice of the target is part of a much more constructed strategy.