Highlights: Mergers and Acquisitions

Where We Are:

• One strategy that international companies employ to enter into the U.S. market is purchasing existing U.S. companies that provide the same or similar products or services. This allows foreign-owned firms to gain marketshare.
• International companies interested in acquiring U.S. companies are confronted with numerous regulations and requirements. However, there is no single point of contact in Virginia to help these companies identify and address issues.
• International companies have no resource in Virginia to help them find merger or acquisition candidates or resources.

Where We Can Be:

• Virginia has a comprehensive procedure for processing M&A inquiries, including a network of private sector experts (e.g., investment bankers, accountants, lawyers, consultants, etc.) to complement state resources.
• A marketing program attracts M&A business to Virginia.

2008 Initiative:

• Establish a referral network for private sector resources to help with M&A process.
• Develop a marketing program to sell the benefits of M & A activities in Virginia.

View the three-page 2007 VITAL task force report on this topic or a compilation of all the 2007 VITAL report task forces recommendations.