Allison MaslanCEO & Business Scaling Expert | WSJ Bestselling Author

The Benefits Of Strategic Competitor Acquisition

29 Mar 2024

Watch on YouTube

This is a YouTube video titled "The Benefits Of Strategic Competitor Acquisition" containing a monologue or single-speaker talk discussing the advantages of acquiring competitors, such as expanding geographic market share and eliminating low-price competition. The speaker explains strategic reasons behind acquisitions but no multiple speakers or dialogue are present.

What are the benefits of acquiring your competition? For me, that was about gathering geographic market share. Primarily, some of them had other services that were complementary to our existing clients. Not only their clients could use our existing services, but our current clients could use their services. So you really are just taking the same customers and quite honestly, getting more income from them. The other advantage, I actually bought out a small, small guy. This guy. I didn't want his company, but he was the lowest price in the country. So I just bought them out to get them out of my way. And so we did, and now we own that. We own that region.