{"id":8813,"date":"2024-12-15T18:18:39","date_gmt":"2024-12-15T15:18:39","guid":{"rendered":"https:\/\/www.valuwit.com\/?p=8813"},"modified":"2025-01-13T14:21:05","modified_gmt":"2025-01-13T11:21:05","slug":"programmatic-ma-acquisition","status":"publish","type":"post","link":"https:\/\/www.valuwit.com\/ar\/programmatic-ma-acquisition\/","title":{"rendered":"Why Programmatic M&A is the Smart Way to Grow Your Business"},"content":{"rendered":"
The common image of a merger or an acquisition (M&A) deal is one where a nine-figure agreement is negotiated for months, surrounded by endless speculation, media buzz, and massive organizational shake-ups.\u00a0<\/span><\/p>\n There\u2019s, however, another approach that is proving to be much more successful and safer than the headline-grabbing mega deals.<\/span><\/p>\n A departure from traditional, one-off large deals, programmatic M&A\u2014or programmatic acquisition\u2014is an approach where a business acquires smaller players following a clearly set strategy.<\/span><\/p>\n The evidence for programmatic M&A’s effectiveness is compelling. A comprehensive ten-year study by McKinsey & Company, analyzing the top 2,000 global companies with market capitalizations exceeding $2 billion, revealed that <\/span>59% of the top 100 companies<\/span><\/a> employed a programmatic acquisition strategy.\u00a0<\/span><\/p>\n These programmatic acquirers didn’t just succeed \u2013 they excelled, achieving a median excess shareholder return of 2.1% and outperforming their peers by at least 20% in total shareholder returns.<\/span><\/p>\n The study also shows that programmatic acquisition helped businesses <\/span>expand their portfolio by an average of 6.1% <\/span><\/a>in comparison to large M&A deals that averaged a portfolio expansion of 0.2%<\/span><\/p>\n Yet, despite all the evidence in favor of programmatic acquisition, more than 50% of the companies in the McKinsey study have kept their focus on larger M&A deals over the past 20 years.<\/span><\/p>\n This suggests a significant untapped opportunity for value creation through a programmatic acquisition strategy.<\/span><\/p>\n Unlike traditional M&A approaches that might focus on one or two transformational deals, programmatic acquirers typically complete several deals annually, each representing between 5-15% of their market capitalization.\u00a0<\/span><\/p>\n Smaller acquisitions, when pursued as part of a deliberate and systematic M&A program, tend to yield higher returns over the long run with comparatively lower risk.\u00a0<\/span><\/p>\n McKinsey\u2019s research paper explains, \u201cCompanies\u2019 ability to successfully manage these deals can be a central factor in their ability to withstand economic shocks.\u201d<\/span><\/p>\n <\/p>\n Programmatic M&A helps minimize risks on several fronts, chief among which is portfolio diversification.<\/span><\/p>\n By spreading investments across multiple smaller deals, companies reduce their exposure to any single transaction failure. This diversification helps mitigate both financial and operational risks, creating a more balanced growth portfolio.<\/span><\/p>\n Furthermore, the continuous nature of programmatic acquisition reduces the pressure to time the market perfectly for any single deal.\u00a0<\/span><\/p>\n Businesses can maintain a steady pace of acquisitions through different market cycles, adjusting their approach based on conditions.<\/span><\/p>\n Businesses can quickly enter new markets, acquire new technology, and expand their product portfolio within a calendar year through targeted programmatic acquisitions. This systematic approach often yields faster results than organic growth alone or a single larger acquisition.<\/span><\/p>\n The McKinsey & Company research proved the higher shareholder returns of programmatic acquisition compared to companies that make occasional large deals or those that rarely engage in M&A.<\/span><\/p>\n Acquiring companies with proven top talent and technological capabilities, allows your business to enhance its competitive edge.<\/span><\/p>\n This is particularly valuable when internal R&D might take too long or cost too much.<\/span><\/p>\n Maintaining a continuous deal pipeline<\/span> requires resources<\/b>, including dedicated teams, tools, and processes. This can be challenging for smaller organizations.\u00a0<\/span><\/p>\n Integration Complexity<\/b> is another limitation that may face businesses during programmatic M&As. <\/span>Managing multiple integrations within a calendar year can overwhelm your business\u2019 operations.<\/span><\/p>\n Frequent acquisitions can create challenges in maintaining <\/span>cultural cohesion<\/b> across the organization. Each acquired company brings its <\/span>own culture<\/span><\/a> and ways of working.<\/span><\/p>\n <\/p>\n Programmatic M&A isn’t just another corporate buzzword, it’s a proven way to drive growth and create value. The numbers speak for themselves. While others stick to outdated approaches, you have the opportunity to join the ranks of top-performing companies that use programmatic acquisition to stay ahead.<\/span><\/p>\n4 Key Benefits of a Programmatic M&A Strategy<\/b><\/h2>\n
Read Also: 10 Steps to Developing an M&A Strategy<\/b><\/a><\/span><\/h4>\n
1- Risk Mitigation\u00a0<\/b><\/h3>\n
2- Accelerated Growth<\/b><\/h3>\n
3- <\/b>Higher Value Creation<\/b><\/h3>\n
4- <\/b>Stay Ahead of Innovation<\/b><\/h3>\n
Read Also: 4 Ways to Calculate the Value of a Target Company<\/b><\/a><\/span><\/h4>\n
<\/h2>\n
3 Limitations to Consider<\/b><\/h2>\n
Read Also: Retaining Employees During an M&A<\/b><\/a><\/span><\/h4>\n