“Acquiring another business is a great way for companies to grow, but good planning is vital to ensure the project is successful; following a well-structured process is a winning strategy,” says Pierre Cléroux, Vice President, Research and Chief Economist at BDC. “Unfortunately, many Canadian businesses are leaving benefits on the table due to poor preparation. They often fail to take important steps, such as appointing a dedicated team to manage the project or preparing a strategic growth plan. Our research clearly shows that business owners can take specific steps to significantly improve their success in an acquisition.”