Small businesses, often family-owned, are consolidating quickly as they are pressured from their customers to deliver better parts and products faster and cheaper. These businesses are looking at how they can stay competitive.
The ServiceNow Partner market is one of the hottest areas for M&A in the managed services provider (MSP) sector. Due to this activity consolidation in this industry niche will continue through 2021 and beyond.
All types of medical practices have been consolidating over the past 10+ years. While transaction volume declined in 2020 activity accelerated. 2021 will be a record year for completed transactions.
