M&A Activity: The Invisible 'Tuck-in' Deals

One development in recent years has been the emphasis on infrastructure assets, according to John Hyde, senior vice president of the National Association for Printing Leadership (NAPL), who heads the association's mergers and acquisitions advisory team. He cites the example of acquiring a company that is geographically "just far enough" and "just close enough" to warrant a partial consolidation. "The concept is that the target would be viable financially on its own and it would also feed the mother ship," he remarks.