Leadership clinic: Is this the right time for M&A?

摘要

Question: We run a small chain of restaurants. We actually weathered the pandemic fairly well, though we had to adapt a lot, and very quickly. An acquisition opportunity has come up for us to expand into an adjacent market in the UK. This would be our first major foray into M&A, but I believe it could be a fantastic growth opportunity – we’re really complementary businesses. But it’s still a major commitment – we’ll have to take on more debt – and if the economy overheats or the recovery doesn’t last the way we all hope, we could end up biting off more than we can chew. Is this the right time to take a risk? Congratulations on weathering the storm. The hospitality sector has borne the brunt of the pandemic so it’s great to read about a business that has emerged intact.