Mergers and Acquisitions

<!DOCTYPE HTML> <html lang="en-us"> <head prefix="og: http://ogp.me/ns# fb: http://ogp.me/ns/fb#"> <meta charset="UTF-8"/> <title>Mergers and Acquisitions | Deloitte US</title> <meta name="template" content="branded-landing-page"/>  <script defer="defer" type="text/javascript" src="https://rum.hlx.page/.rum/@adobe/helix-rum-js@%5E2/dist/rum-standalone.js" data-routing="program=27556,environment=127669,tier=publish"></script> <script> var OTGUID = "dc901afd-e53a-4d1f-aed7-c67b223f5ebc"; </script> <script src="/content/dam/Deloitte/resources/js/CrossDomainConsentShare.js" data-document-language="true" type="text/javascript" charset="UTF-8"></script> <script src="https://cdn.cookielaw.org/scripttemplates/otSDKStub.js" data-document-language="true" data-dlayer-name="dataLayerOneTrust" type="text/javascript" charset="UTF-8" data-domain-script="dc901afd-e53a-4d1f-aed7-c67b223f5ebc"></script>  <script type="text/plain" src="https://assets.adobedtm.com/launch-EN19f66e78030b4550b8aebe191224f207.min.js" class="optanon-category-1" async></script> <meta http-equiv="X-UA-Compatible" content="IE=Edge,chrome=1"/> <meta name="viewport" content="width=device-width, initial-scale=1.0, minimum-scale=1.0"/> <meta NAME="robots" CONTENT="index, follow"/> <link rel="canonical" href="https://www2.deloitte.com/us/en/services/mergers-and-acquisitions.html"/> <meta name="thumbnail" content="https://www2.deloitte.com/content/dam/zone4/us/primary/circular-white/branded-landing/us-mars-abstract-pastels-circular-1200x627.png/jcr:content/renditions/cq5dam.web.436.228.jpeg"/> <meta name="description" content="From strategy through integration, Deloitte's M&A services help businesses transform during periods of financial difficulty and navigate complex decisions at every phase of an M&A transaction or divestiture."/> <meta property="fb:app_id" content="391573044299401"/> <meta property="og:type" content="website"/> <meta property="og:site_name" content="Deloitte United States"/> <meta property="og:url" content="https://www2.deloitte.com/us/en/services/mergers-and-acquisitions.html"/> <meta property="og:image" content="https://www2.deloitte.com/content/dam/zone4/us/primary/circular-white/branded-landing/us-mars-abstract-pastels-circular-1200x627.png/jcr:content/renditions/cq5dam.web.1200.627.jpeg"/> <meta property="og:title" content="Mergers and Acquisitions | Deloitte US"/> <meta property="og:description" content="From strategy through integration, Deloitte's M&A services help businesses transform during periods of financial difficulty and navigate complex decisions at every phase of an M&A transaction or divestiture."/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:site" content="@DeloitteUS"/> <meta name="twitter:url" content="https://www2.deloitte.com/us/en/services/mergers-and-acquisitions.html"/> <meta name="twitter:image" content="https://www2.deloitte.com/content/dam/zone4/us/primary/circular-white/branded-landing/us-mars-abstract-pastels-circular-1200x627.png/jcr:content/renditions/cq5dam.web.1200.627.jpeg"/> <meta name="twitter:title" content="Mergers and Acquisitions | Deloitte US"/> <meta name="twitter:description" content="From strategy through integration, Deloitte's M&A services help businesses transform during periods of financial difficulty and navigate complex decisions at every phase of an M&A transaction or divestiture."/>  <link rel="icon" type="image/vnd.microsoft.icon" href="/content/dam/resources/deloitte/icons/favicon.ico"/> <link rel="shortcut icon" type="image/vnd.microsoft.icon" href="/content/dam/resources/deloitte/icons/favicon.ico"/> <link rel="apple-touch-icon" sizes="57x57" href="/content/dam/resources/deloitte/icons/apple-icon-57x57.png"/> <link rel="apple-touch-icon" sizes="72x72" href="/content/dam/resources/deloitte/icons/apple-icon-72x72.png"/> <link rel="apple-touch-icon" sizes="114x114" href="/content/dam/resources/deloitte/icons/apple-icon-114x114.png"/> <link rel="apple-touch-icon" sizes="144x144" href="/content/dam/resources/deloitte/icons/apple-icon-144x144.png"/> <meta name="msapplication-config" content="/content/dam/resources/deloitte/browserconfig.xml"/> <script> if(document.documentElement.lang == 'ko'){ var preloadLink = document.createElement('link'); preloadLink.rel = 'preload'; preloadLink.as = 'font'; preloadLink.href = '/etc.clientlibs/shared/clientlibs/clientlib-site/resources/fonts/korea/Nanum.woff'; preloadLink.crossOrigin = 'anonymous'; document.head.appendChild(preloadLink); } </script>  <script> !function(n){var e,t,i,o,a="at-body-style";function d(){return n.getElementsByTagName("head")[0]}e=d(),t=a,i="body {opacity: 0 !important}",e&&((o=n.createElement("style")).id=t,o.innerHTML=i,e.appendChild(o)),setTimeout(function(){var e,t;e=d(),t=a,!e||(t=n.getElementById(t))&&e.removeChild(t)},3e3)}((window,document)); </script>  <link rel="preload" href="/etc.clientlibs/shared/clientlibs/clientlib-critical/clientlib-critical-branded-landing.lc-3257093fe842bfbf69ec51ca53f57e83-lc.min.css" as="style" type="text/css"><link rel="stylesheet" type="text/css" href="/etc.clientlibs/shared/clientlibs/clientlib-critical/clientlib-critical-branded-landing.lc-3257093fe842bfbf69ec51ca53f57e83-lc.min.css"> <link rel="preload" href="/etc/designs/dcom/assets/fonts/korea/Nanum.woff2" as="font" type="font/woff2" crossorigin="anonymous"/>  <script> var dataLayer= {}; var wcmMode = ''; var templateType = ''; var dtmConfig = 'false'; var siteCatConfig = 'false'; // Added the below to fetch the Twine Social parameters var twineSocialClientID = "MTY1ODcsUk9mSlVLWFdWQlZBTzdHWmFWQzVoRzlvTXd2c24wcjU%3D"; var twineSocialAccountCode = "15-I7FFXT"; var twineSocialGroupID = "96432072593"; var isTMP = false; var siteDomain = ""; if(isTMP) { siteDomain = domain; if(siteDomain != "") { siteDomain=domain.slice(0,-1); if(siteDomain.indexOf(":")+1){ siteDomain=siteDomain.substr(siteDomain.indexOf(":")+1); } } } </script> <link rel="stylesheet" href="/etc.clientlibs/shared/clientlibs/clientlib-global/clientlib-base.lc-b070fadc3fb4320eeb6281d62912e1e5-lc.min.css" type="text/css"> <script src="/etc.clientlibs/shared/clientlibs/clientlib-global/clientlib-base.lc-a907776f25d542b253e039da012c77b0-lc.min.js"></script> <script> if(/MSIE (8\.[\.0-9]{0,})|MSIE (7\.[\.0-9]{0,})|MSIE (6\.[\.0-9]{0,})/i.test(navigator.userAgent)) { window.location.href= "/us/en/misc/nonsupportedbrowserpage.us.en.services.mergers-and-acquisitions.html"; } var domain = 'https://www2.deloitte.com/'; var domainKey = 'deloitte'; var isEditMode = 'false'; var isDesignMode = 'false'; var isPreviewMode = 'false'; var sc_currentPageName = '/us/en/services/mergers-and-acquisitions'; var sc_currentPageHashValue = 'f060d420'; var sc_template = 'Branded_Landing_Page'; var sc_recCuratedPromos = ''; var sc_recommArticle = 'Recommendations'; var sc_recViewedPage = 'Recently viewed pages'; var sc_featuredLink = 'Featured Link'; var sc_channel = '/content/www/us/en/services'; var hideFromRecommendations_v2 = 'true'; var pagePathValue = '/us/en/services/mergers-and-acquisitions'; var selectorString = '.'; var siteSectionOverrideVal = ''; var PAGE_NAME = ""; var GOOGLE_MF_ACCOUNT = ""; var GOOGLE_INCLUDE_GLOBAL = ""; var RESULTS_FOR_LBL = ""; var sc_secondLevelForProp5 = ""; var temp_Name = 'branded-landing-page'; var isTempSite = false; var sc_secondLevel = ""; var sc_thirdLevel = ''; var sc_country = 'us'; var sc_language = 'en'; var siteOverrideValueProp5 = 'services'; var sc_mfCountry = ''; var sc_GatedOverlayEnabled = 'false'; var sc_mfSite = 'Deloitte'; var sc_gigyaId = ""; if(siteSectionOverrideVal.length > 0 && (siteSectionOverrideVal.toUpperCase().trim() == 'NA')){ siteOverrideValueProp5=''; }else if((siteSectionOverrideVal.length > 0 && siteSectionOverrideVal.toUpperCase().trim() != 'NA')){ siteOverrideValueProp5 = siteSectionOverrideVal.toLowerCase().trim(); }else if(siteSectionOverrideVal.length == 0){ if(temp_Name == 'genericerrorpage'){ siteOverrideValueProp5 = '404_error'; } else if(temp_Name == 'nonsupportedpage'){ siteOverrideValueProp5 = 'not_supported'; }else if((temp_Name == 'rfpformpage') || (temp_Name == 'contactuspage')|| (temp_Name == 'deloitteformstemplate')){ siteOverrideValueProp5 = 'forms'; }else if((temp_Name == 'searchResultsTemplate') || (temp_Name == 'internalSearchResultsTemplate')){ siteOverrideValueProp5 = 'search_results'; }else if((temp_Name == 'officedetailspage') || (temp_Name == 'officelocatorpage')|| (temp_Name == 'globalofficedirectorypage')){ siteOverrideValueProp5 = 'office_information'; }else if(temp_Name == 'companyinformationpage'){ siteOverrideValueProp5 = 'legal'; }else if(temp_Name == 'moreondeloittepage'){ siteOverrideValueProp5 = 'company_information'; }else if(temp_Name == 'pressreleasespagetemplate'){ siteOverrideValueProp5 = 'press_releases'; }else if((temp_Name == 'fulltopicpage') || (temp_Name == 'articlepage')|| (temp_Name == 'solutionpage')|| (temp_Name == 'eventpage')|| (temp_Name == 'careerpage')){ siteOverrideValueProp5 ='services'; }else if(temp_Name == "memberfirmhomepage" || temp_Name == "globalhomepage") { siteOverrideValueProp5 = 'home'; }else if(temp_Name == "thankyoupage") { siteOverrideValueProp5 = 'thank_you'; }else if(temp_Name == "dynamiclisttemplate") { siteOverrideValueProp5 = 'dynamiclist'; }else if(temp_Name == "htmlfragmentpage") { siteOverrideValueProp5 = 'landingpage'; }else if(temp_Name == "blog-collection-template") { siteOverrideValueProp5 = 'blog_collection'; }else if(temp_Name == "blog-post-template") { siteOverrideValueProp5 = 'blog-post'; } } if(temp_Name == "memberfirmhomepage" || temp_Name == "globalhomepage") { sc_channel = 'Homepage'; } else if(temp_Name == "thankyoupage") { sc_channel = 'Thankyou'; } sc_secondLevelForProp5 = siteOverrideValueProp5; searchLocation = '//www2.deloitte.com/us/en/misc/search.html'; try{ if(sessionStorage.getItem("gigyaIdInSession")!=null){ sc_gigyaId=sessionStorage.getItem("gigyaIdInSession"); } } catch(err){console.log(err);} </script> <div id="datalayerdiv"> <script type="text/javascript"> dataLayer.page={ "attributes": { "pageID": "f060d420", "pagename": "/us/en/services/mergers-and-acquisitions", "country": "united states", "language": "en", "urlCountry": "us", "pageTemplate": "Branded_Landing_Page", "siteSection": "services", "documentAge": "893", "pageTitle": "Mergers_and_Acquisitions_|_Deloitte_US", "blueprintName": "", "createDate": "9 Sep. 2022", "publishDate": "9 Sep. 2022", "authors": "", "tag2": "", "thumbnailUrl": "/content/dam/zone4/us/primary/circular-white/branded-landing/us-mars-abstract-pastels-circular-1200x627.png", "description": "From strategy through integration, Deloitte's M&A services help businesses transform during periods of financial difficulty and navigate complex decisions at every phase of an M&A transaction or divestiture.", "contentJobLevel":"", "contentJobFunction":"", "contentIndustry":"", "headline1": "Mergers and Acquisitions | Deloitte US", "headline2": "", "mfSite" : "Deloitte", "primaryTopic": "M&A Strategy", "contentLabel18n": "Content_type_insights" } }; dataLayer.search={ "searchTerm": "", "pageNum": "1", "Facet": "all" }; dataLayer.custom={ "customConversion1": "market development:ma:K0169271", "customConversion2": "marketing:service descriptions:services", "customConversion3": "", "customConversion4": "", "customConversion5": "", "customConversion6": "", "customConversion7": "", "customTraffic1": "", "customTraffic2": "", "customTraffic3": "", "customTraffic4": "", "customTraffic5": "", "customActions": "", "globalcampaigncode": "", "targetingCodes": "" }; var mediadata = ""; dataLayer.page.attributes.media = mediadata; var recPromo1 = ""; dataLayer.page.attributes.recPromo1 = recPromo1; var tagNames_attributes = ""; dataLayer.page.attributes.tagNames = tagNames_attributes; </script> </div> <script type="text/javascript"> function loadScript(scriptURL){ // load script var scriptTAG = document.createElement('script'); scriptTAG.type = 'application/javascript'; scriptTAG.async = true; scriptTAG.src = scriptURL; document.getElementsByTagName('head')[0].appendChild(scriptTAG); } function loadCSS(CSSURL){ // load css var linkTAG = document.createElement('link'); linkTAG.rel = "stylesheet"; linkTAG.type = 'text/css'; linkTAG.href = CSSURL; document.getElementsByTagName('head')[0].appendChild(linkTAG); } if(!navigator.onLine){ loadCSS('/etc.clientlibs/shared/clientlibs/clientlib-base.min.css'); loadCSS('/etc.clientlibs/shared/clientlibs/clientlib-site.min.css'); loadScript('/etc.clientlibs/shared/clientlibs/clientlib-base.min.js'); templateType = dataLayer.page.attributes.pageTemplate; // for event details template if(templateType == "Event_Details_Page_Template"){ loadCSS('/etc.clientlibs/shared/clientlibs/clientlib-critical/clientlib-critical-event-details.min.css'); loadCSS('/etc.clientlibs/shared/clientlibs/clientlib-site/templates/clientlib-site-event-details.min.css'); } // for blog post template else if(templateType == "Blog_Post_Template"){ loadCSS('/etc.clientlibs/shared/clientlibs/clientlib-critical/clientlib-critical-blog-post.min.css') loadCSS('/etc.clientlibs/shared/clientlibs/clientlib-site/templates/clientlib-site-blog-post.min.css') } // for DI Article and multimedia else if(templateType == "Deloitte_Insights_Article_And_Multimedia_Template"){ loadCSS('/etc.clientlibs/deloitte-insights/clientlibs/clientlib-critical/clientlib-critical-di-insights-and-multimedia.min.css'); loadCSS('/etc.clientlibs/deloitte-insights/clientlibs/clientlib-site/templates/clientlib-site-di-article-multimedia.min.css'); } } </script> <link rel="stylesheet" href="/etc.clientlibs/shared/clientlibs/clientlib-site.lc-42ce2529ee8cbb541ab4da8b8ab6be64-lc.min.css" type="text/css"> <link rel="stylesheet" href="/etc.clientlibs/shared/clientlibs/clientlib-site/templates/clientlib-site-branded-landing.lc-d306a48105b62ad2e52e97fdbf56c5ae-lc.min.css" type="text/css"> <script src="/content/dam/Deloitte/resources/static-fixes/legacy-static-fix.js" type="text/javascript"></script> <link rel="stylesheet" href="/content/dam/Deloitte/resources/static-fixes/legacy-static-fix.css"/> <script> var base = document.createElement('base'); base.href = window.location.href; document.getElementsByTagName('head')[0].appendChild(base); </script> <script nonce="9ab3a2e853955eaaa88fe7d4f54ebf4f">(window.BOOMR_mq=window.BOOMR_mq||[]).push(["addVar",{"rua.upush":"false","rua.cpush":"false","rua.upre":"false","rua.cpre":"false","rua.uprl":"false","rua.cprl":"false","rua.cprf":"false","rua.trans":"","rua.cook":"false","rua.ims":"false","rua.ufprl":"false","rua.cfprl":"false","rua.isuxp":"false","rua.texp":"norulematch","rua.ceh":"false","rua.ueh":"false","rua.ieh.st":"0"}]);</script> <script nonce="9ab3a2e853955eaaa88fe7d4f54ebf4f">!function(){function o(n,i){if(n&&i)for(var r in i)i.hasOwnProperty(r)&&(void 0===n[r]?n[r]=i[r]:n[r].constructor===Object&&i[r].constructor===Object?o(n[r],i[r]):n[r]=i[r])}try{var n=decodeURIComponent("%7B%0A%09%22RT%22%3A%20%7B%0A%09%09%22cookie%22%3A%20%22%22%0A%09%7D%2C%0A%09%22Akamai%22%3A%20%7B%0A%09%09%22enabled%22%3A%20false%0A%09%7D%0A%7D");if(n.length>0&&window.JSON&&"function"==typeof window.JSON.parse){var i=JSON.parse(n);void 0!==window.BOOMR_config?o(window.BOOMR_config,i):window.BOOMR_config=i}}catch(r){window.console&&"function"==typeof window.console.error&&console.error("mPulse: Could not parse configuration",r)}}();</script> <script nonce="9ab3a2e853955eaaa88fe7d4f54ebf4f">!function(e){var n="https://s.go-mpulse.net/boomerang/";if("False"=="True")e.BOOMR_config=e.BOOMR_config||{},e.BOOMR_config.PageParams=e.BOOMR_config.PageParams||{},e.BOOMR_config.PageParams.pci=!0,n="https://s2.go-mpulse.net/boomerang/";if(window.BOOMR_API_key="9JTXD-CNBZB-FG7SF-PEEED-N9JSF",function(){function e(){if(!r){var e=document.createElement("script");e.id="boomr-scr-as",e.src=window.BOOMR.url,e.async=!0,o.appendChild(e),r=!0}}function t(e){r=!0;var n,t,a,i,d=document,O=window;if(window.BOOMR.snippetMethod=e?"if":"i",t=function(e,n){var t=d.createElement("script");t.id=n||"boomr-if-as",t.src=window.BOOMR.url,BOOMR_lstart=(new Date).getTime(),e=e||d.body,e.appendChild(t)},!window.addEventListener&&window.attachEvent&&navigator.userAgent.match(/MSIE [67]\./))return window.BOOMR.snippetMethod="s",void t(o,"boomr-async");a=document.createElement("IFRAME"),a.src="about:blank",a.title="",a.role="presentation",a.loading="eager",i=(a.frameElement||a).style,i.width=0,i.height=0,i.border=0,i.display="none",o.appendChild(a);try{O=a.contentWindow,d=O.document.open()}catch(_){n=document.domain,a.src="javascript:var d=document.open();d.domain='"+n+"';void 0;",O=a.contentWindow,d=O.document.open()}if(n)d._boomrl=function(){this.domain=n,t()},d.write("<bo"+"dy onload='document._boomrl();'>");else if(O._boomrl=function(){t()},O.addEventListener)O.addEventListener("load",O._boomrl,!1);else if(O.attachEvent)O.attachEvent("onload",O._boomrl);d.close()}function a(e){window.BOOMR_onload=e&&e.timeStamp||(new Date).getTime()}if(!window.BOOMR||!window.BOOMR.version&&!window.BOOMR.snippetExecuted){window.BOOMR=window.BOOMR||{},window.BOOMR.snippetStart=(new Date).getTime(),window.BOOMR.snippetExecuted=!0,window.BOOMR.snippetVersion=14,window.BOOMR.url=n+"9JTXD-CNBZB-FG7SF-PEEED-N9JSF";var i=document.currentScript||document.getElementsByTagName("script")[0],o=i.parentNode,r=!1,d=document.createElement("link");if(d.relList&&"function"==typeof d.relList.supports&&d.relList.supports("preload")&&"as"in d)window.BOOMR.snippetMethod="p",d.href=window.BOOMR.url,d.rel="preload",d.as="script",d.addEventListener("load",e),d.addEventListener("error",function(){t(!0)}),setTimeout(function(){if(!r)t(!0)},3e3),BOOMR_lstart=(new Date).getTime(),o.appendChild(d);else t(!1);if(window.addEventListener)window.addEventListener("load",a,!1);else if(window.attachEvent)window.attachEvent("onload",a)}}(),"".length>0)if(e&&"performance"in e&&e.performance&&"function"==typeof e.performance.setResourceTimingBufferSize)e.performance.setResourceTimingBufferSize();!function(){if(BOOMR=e.BOOMR||{},BOOMR.plugins=BOOMR.plugins||{},!BOOMR.plugins.AK){var n=""=="true"?1:0,t="",a="bdpnbeqx2jxecz5vbgtq-f-1e443fb7d-clientnsv4-s.akamaihd.net",i="false"=="true"?2:1,o={"ak.v":"39","ak.cp":"246442","ak.ai":parseInt("147953",10),"ak.ol":"0","ak.cr":2,"ak.ipv":4,"ak.proto":"http/1.1","ak.rid":"e43cfaae","ak.r":44715,"ak.a2":n,"ak.m":"dsca","ak.n":"essl","ak.bpcip":"8.222.208.0","ak.cport":50668,"ak.gh":"23.44.214.11","ak.quicv":"","ak.tlsv":"tls1.2","ak.0rtt":"","ak.0rtt.ed":"","ak.csrc":"-","ak.acc":"bbr","ak.t":"1739917735","ak.ak":"hOBiQwZUYzCg5VSAfCLimQ==3yF5wxZEcx9lr9X0WOi3HUbaoXv9Ujy6L1duRgOOc9AN9rVlum8phCPVfiuTKqZ9WLX9KY/iwYXf0FcAiFr9Dr4ZhvLVmdPAeh9fbNg8MxV38BvnbJCcR+r7DMTNhTWFgOJAgPj0UDax0oNerl4lWfyfKT0l5UywaE5oBXuvo3tQnx3SLr9xvNu4MR+yzVqsL8il20OhMuNzNfgqrXybbfr05SlbBo8V8nayxfN4NFV+TEBJUXAv2q+uU2EYFSemPD76OjF4IzxeJfxb42+4ECP5UmAsg2WTQEqR8uzMSGUa+xOgOw/Wwgxbi+Iajz261IuG4uE1iXKXU09LGA80slIjLXtb3cErPbWh/JBbaICTAZM6uWBHWNFakhzlHE8nstT88OvHFohG0MMjD4CU5HLubazNs3LLbRiyCehgFog=","ak.pv":"1045","ak.dpoabenc":"","ak.tf":i};if(""!==t)o["ak.ruds"]=t;var r={i:!1,av:function(n){var t="http.initiator";if(n&&(!n[t]||"spa_hard"===n[t]))o["ak.feo"]=void 0!==e.aFeoApplied?1:0,BOOMR.addVar(o)},rv:function(){var e=["ak.bpcip","ak.cport","ak.cr","ak.csrc","ak.gh","ak.ipv","ak.m","ak.n","ak.ol","ak.proto","ak.quicv","ak.tlsv","ak.0rtt","ak.0rtt.ed","ak.r","ak.acc","ak.t","ak.tf"];BOOMR.removeVar(e)}};BOOMR.plugins.AK={akVars:o,akDNSPreFetchDomain:a,init:function(){if(!r.i){var e=BOOMR.subscribe;e("before_beacon",r.av,null,null),e("onbeacon",r.rv,null,null),r.i=!0}return this},is_complete:function(){return!0}}}}()}(window);</script></head> <body class="branded-landing-page page basicpage margin-top_header" ng-app="appModule" ng-controller="appController"> <div> <noscript> <div style="background: #fbfbfb; color: red; border: 1px solid #DCDCDC; width: 95%; margin: 20px auto; padding: 20px; text-align: center; font-size: 16px; font-weight: 300; font-family: verdana, sans-serif;"> Please enable JavaScript to view the site. </div> </noscript> <div class="root responsivegrid"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="header aem-GridColumn aem-GridColumn--default--12">     <div id="offline_display_message" class="offline-alert-wrapper" style="display: none;">  <span class="deloitte-icon icon-cloud-check"></span> <div class="container-space"> <h5 class="heading-style"> <b>Viewing offline content</b> </h5> <p class="msg-subtitle"> Limited functionality available </p> </div> <div class="close-btn" onclick="closeOfflineBanner()"> <b>Dismiss</b> </div> </div> <header class="cmp-header" id="header" role="banner"> <div class="cmp-header-container cmp-container-width">  <button class="cmp-header__nav-icon" id="header__nav-icon" type="button" aria-label="Menu" aria-expanded="false"> <i class="icon-navicon"></i> </button>  <div class="cmp-header__logo" id="header__logo"> <a href="/us/en.html" title='United States'> <img src="/content/dam/assets/logos/deloitte.svg" alt='United States' width="182" height="34"/> <img class="cmp-header__logo--print" src="/content/dam/assets/logos/deloitte-print.png" alt="" width="182" height="34"/> </a> </div>  <div class="annotations"> </div>   <div id="pr-nav" class="cmp-pr-nav"> <nav role="navigation"> <ul role="menubar"> <li aria-haspopup="true" role="menuitem" class="cmp-pr-nav__item" id="list1"> <a href="#" data-sub="Services" class="cmp-pr-nav__item__link" aria-haspopup="true" aria-expanded="false">Services<i class="icon-chevron"></i> </a>  <div class="cmp-pr-nav__menu" aria-expanded="false" aria-labelledby="list1"> <div class="cmp-container-width aem-Grid aem-Grid--12"> <div class="cmp-pr-nav__menu__Whats-new-section aem-GridColumn aem-GridColumn--default--3 aem-GridColumn--phone--12"> <h4>What's New</h4> <ul> <li> <a href="/us/en/pages/dbriefs-webcasts/upcoming-webcasts.html?icid=wn_upcoming-webcasts" target="_self"> <strong>Register for Dbriefs webcasts</strong> <p></p> </a> </li> <li> <a href="/us/en/pages/consulting/solutions/enterprise-metaverse-consulting.html?icid=wn_enterprise-metaverse-consulting" target="_blank"> <strong>Enterprise metaverse solutions</strong> <p>Explore Deloitte's Unlimited Reality™ services</p> </a> </li> <li> <a href="/us/en/services/sustainability-climate-equity.html?icid=wn_sustainability-climate-equity" target="_self"> <strong>Sustainability, Climate & Equity</strong> <p>Cultivating a sustainable and prosperous future</p> </a> </li> </ul> </div> <div class="cmp-pr-nav__menu__links-wrapper aem-GridColumn aem-GridColumn--default--9 aem-GridColumn--phone--12">  <ul class="cmp-pr-nav__menu__links-section aem-Grid aem-Grid--12"> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/us/en/services/tax.html?icid=top_tax" target="_self">Tax</a></h4> <ul> <li> <a href="/us/en/pages/tax/articles/operations-transformation.html?icid=top_operations-transformation" target="_self"> Tax Operate</a> </li> <li> <a href="/us/en/pages/tax/articles/us-tax-law-changes.html?icid=top_us-tax-law-changes" target="_self"> Tax Legislation</a> </li> <li> <a href="/us/en/pages/tax/solutions/tax-technology-consulting.html?icid=top_tax-technology-consulting" target="_self"> Tax Technology Consulting</a> </li> <li> <a href="/us/en/pages/tax/solutions/global-employer-services.html?icid=top_global-employer-services" target="_self"> Global Employer Services</a> </li> <li> <a href="/us/en/pages/tax/solutions/legal-business-services.html?icid=top_legal-business-services" target="_self"> Legal Business Services</a> </li> <li> <a href="/us/en/pages/tax/solutions/deloitte-tax-services.html?icid=top_deloitte-tax-services" target="_self"> Tax Services</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/us/en/services/consulting.html?icid=top_consulting" target="_self">Consulting</a></h4> <ul> <li> <a href="/us/en/pages/technology/solutions/core-business-operations-consulting-services.html?icid=top_core-business-operations-consulting-services" target="_self"> Core Business Operations</a> </li> <li> <a href="https://www.deloittedigital.com/us/en.html?icid=top_" target="_blank"> Customer & Marketing</a> </li> <li> <a href="/us/en/pages/operations/topics/enterprise-technology-performance.html?icid=top_enterprise-technology-performance" target="_self"> Enterprise Technology & Performance</a> </li> <li> <a href="/us/en/pages/human-capital/solutions/human-capital.html?icid=top_" target="_self"> Human Capital</a> </li> <li> <a href="/us/en/pages/strategy-operations/topics/strategy-and-analytics-consulting.html?icid=top_strategy-and-analytics-consulting" target="_self"> Strategy & Analytics</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/us/en/services/audit.html?icid=top_audit" target="_self">Audit & Assurance</a></h4> <ul> <li> <a href="/us/en/pages/audit/topics/audit-innovation.html?icid=top_audit-innovation" target="_self"> Audit Innovation</a> </li> <li> <a href="/us/en/pages/audit/topics/accounting-standards.html?icid=top_accounting-standards" target="_self"> Accounting Standards</a> </li> <li> <a href="/us/en/pages/audit/topics/accounting-events-business-transactions.html?icid=top_accounting-events-business-transactions" target="_self"> Accounting Events & Transactions</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/us/en/pages/deloitte-private/solutions/deloitte-private-company-services.html?icid=top_deloitte-private-company-services" target="_self">Deloitte Private</a></h4> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/us/en/services/mergers-acquisitions-restructuring-services.html?icid=top_mergers-acquisitions-restructuring-services" target="_self">M&A and Restructuring</a></h4> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/us/en/services/advisory.html?icid=top_advisory" target="_self">Risk & Financial Advisory</a></h4> <ul> <li> <a href="/us/en/pages/advisory/solutions/accounting-and-internal-controls.html?icid=top_accounting-and-internal-controls" target="_self"> Accounting & Internal Controls</a> </li> <li> <a href="/us/en/pages/risk/solutions/strategic-risk-management.html?icid=top_" target="_self"> Cyber & Strategic Risk</a> </li> <li> <a href="/us/en/pages/regulatory/solutions/regulatory-compliance-services.html?icid=top_regulatory-compliance-services" target="_self"> Regulatory & Legal</a> </li> <li> <a href="/us/en/pages/advisory/solutions/transaction-advisory-services.html?icid=top_transaction-advisory-services" target="_self"> Transactions and M&A</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/us/en/pages/deloitte-analytics/solutions/deloitte-analytics.html?icid=top_deloitte-analytics" target="_self">AI & Analytics</a></h4> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/us/en/pages/consulting/solutions/cloud-consulting-services.html?icid=top_cloud-consulting-services" target="_self">Cloud</a></h4> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a></a></h4> </li> </ul> <div class="cmp-pr-nav__menu__close"> <a href="" aria-label="Close" class="icon-remove"></a> </div> </div> </div> </div> </li> <li aria-haspopup="true" role="menuitem" class="cmp-pr-nav__item" id="list2"> <a href="#" data-sub="Industries" class="cmp-pr-nav__item__link" aria-haspopup="true" aria-expanded="false">Industries<i class="icon-chevron"></i> </a>  <div class="cmp-pr-nav__menu" aria-expanded="false" aria-labelledby="list2"> <div class="cmp-container-width aem-Grid aem-Grid--12"> <div class="cmp-pr-nav__menu__Whats-new-section aem-GridColumn aem-GridColumn--default--3 aem-GridColumn--phone--12"> <h4>What's New</h4> <ul> <li> <a href="/us/en/pages/about-deloitte/articles/client-stories-and-successes.html?icid=wn_client-stories-and-successes" target="_self"> <strong>The Ripple Effect</strong> <p>Real-world client stories of purpose and impact</p> </a> </li> <li> <a href="/us/en/pages/dbriefs-webcasts/upcoming-webcasts.html?icid=wn_upcoming-webcasts" target="_blank"> <strong>Register for Dbriefs webcasts</strong> <p></p> </a> </li> <li> <a href="/us/en/pages/about-deloitte/solutions/industry-advantage-business-transformation.html?icid=wn_industry-advantage-business-transformation" target="_self"> <strong>IndustryAdvantage™</strong> <p>Commercial, products, and operations transformation for the future of your industry.</p> </a> </li> </ul> </div> <div class="cmp-pr-nav__menu__links-wrapper aem-GridColumn aem-GridColumn--default--9 aem-GridColumn--phone--12">  <ul class="cmp-pr-nav__menu__links-section aem-Grid aem-Grid--12"> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/us/en/industries/consumer-industry.html?icid=top_consumer-industry" target="_self">Consumer</a></h4> <ul> <li> <a href="/us/en/pages/consumer-business/topics/automotive.html?icid=top_automotive" target="_self"> Automotive</a> </li> <li> <a href="/us/en/pages/consumer-business/topics/consumer-products.html?icid=top_consumer-products" target="_self"> Consumer Products</a> </li> <li> <a href="/us/en/pages/consumer-business/topics/retail-wholesale-distribution.html?icid=top_retail-wholesale-distribution" target="_self"> Retail, Wholesale & Distribution</a> </li> <li> <a href="/us/en/pages/consumer-business/topics/transportation-hospitality-and-services-trends.html?icid=top_transportation-hospitality-and-services-trends" target="_self"> Transportation, Hospitality & Services</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/us/en/industries/energy-resources-industrials.html?icid=top_" target="_self">Energy, Resources & Industrials</a></h4> <ul> <li> <a href="/us/en/industries/industrials-sector-services.html?icid=top_industrials-sector-services" target="_self"> Industrial Products & Construction</a> </li> <li> <a href="/us/en/industries/power-utilities-and-renewables-industry-hub.html?icid=top_power-utilities-and-renewables-industry-hub" target="_self"> Power, Utilities & Renewables</a> </li> <li> <a href="/us/en/pages/energy-and-resources/topics/energy-chemicals.html?icid=top_" target="_self"> Energy & Chemicals</a> </li> <li> <a href="/us/en/pages/energy-and-resources/articles/mining-and-metals.html?icid=top_mining-and-metals" target="_self"> Mining & Metals</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/us/en/industries/financial-services.html?icid=top_financial-services" target="_self">Financial Services</a></h4> <ul> <li> <a href="/us/en/pages/financial-services/topics/banking-capital-markets.html?icid=top_banking-capital-markets" target="_self"> Banking & Capital Markets</a> </li> <li> <a href="/us/en/pages/financial-services/topics/insurance.html?icid=top_insurance" target="_self"> Insurance</a> </li> <li> <a href="/us/en/pages/financial-services/topics/investment-management.html?icid=top_investment-management" target="_self"> Investment Management</a> </li> <li> <a href="/us/en/pages/real-estate/topics/real-estate.html?icid=top_real-estate" target="_self"> Real Estate</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/us/en/industries/government-public-services.html?icid=top_government-public-services" target="_self">Government & Public Services</a></h4> <ul> <li> <a href="/us/en/pages/public-sector/topics/defense-security-justice.html?icid=top_defense-security-justice" target="_self"> Defense, Security & Justice</a> </li> <li> <a href="/us/en/pages/public-sector/topics/federal-health.html?icid=top_federal-health" target="_self"> Federal health</a> </li> <li> <a href="/us/en/pages/public-sector/topics/civil-government.html?icid=top_civil-government" target="_self"> Civil</a> </li> <li> <a href="/us/en/pages/public-sector/topics/state-government.html?icid=top_state-government" target="_self"> State & Local</a> </li> <li> <a href="/us/en/pages/public-sector/topics/higher-education.html?icid=top_higher-education" target="_self"> Higher Education</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/us/en/industries/life-sciences-and-health-care.html?icid=top_life-sciences-and-health-care" target="_self">Life Sciences & Health Care</a></h4> <ul> <li> <a href="/us/en/pages/life-sciences-and-health-care/topics/health-care.html?icid=top_health-care" target="_self"> Health Care</a> </li> <li> <a href="/us/en/pages/life-sciences-and-health-care/topics/life-sciences.html?icid=top_life-sciences" target="_self"> Life Sciences</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/us/en/industries/technology-media-and-telecommunications.html?icid=top_technology-media-and-telecommunications" target="_self">Technology, Media & Telecommunications</a></h4> <ul> <li> <a href="/us/en/pages/technology-media-and-telecommunications/topics/technology-industry.html?icid=top_technology-industry" target="_self"> Technology</a> </li> <li> <a href="/us/en/pages/technology-media-and-telecommunications/topics/telecom-industry.html?icid=top_telecom-industry" target="_self"> Telecommunications</a> </li> <li> <a href="/us/en/pages/technology-media-and-telecommunications/topics/telecommunications-media-entertainment.html?icid=top_" target="_self"> Media & Entertainment</a> </li> </ul> </li> </ul> <div class="cmp-pr-nav__menu__close"> <a href="" aria-label="Close" class="icon-remove"></a> </div> </div> </div> </div> </li> <li aria-haspopup="true" role="menuitem" class="cmp-pr-nav__item" id="list3"> <a href="#" data-sub="Insights" class="cmp-pr-nav__item__link" aria-haspopup="true" aria-expanded="false">Insights<i class="icon-chevron"></i> </a>  <div class="cmp-pr-nav__menu" aria-expanded="false" aria-labelledby="list3"> <div class="cmp-container-width aem-Grid aem-Grid--12"> <div class="cmp-pr-nav__menu__Whats-new-section aem-GridColumn aem-GridColumn--default--3 aem-GridColumn--phone--12"> <h4></h4> <a class="logo" href="/us/en/insights.html" title="Deloitte Insights"> <img src="/etc/designs/insights/insights-redesign/images/logo.svg" alt="Deloitte Insights" class="logo-insight"/> </a> </hr> <h4>What's New</h4> <ul> <li> <a href="/us/en/insights/deloitte-insights-magazine.html?icid=wn_deloitte-insights-magazine" target="_self"> <strong>Deloitte Insights Magazine</strong> <p>Explore the latest issue now</p> </a> </li> <li> <a href="/us/en/insights/legal/deloitte-insights-app.html?icid=wn_deloitte-insights-app" target="_blank"> <strong>Deloitte Insights app</strong> <p>Go straight to smart with daily updates on your mobile device</p> </a> </li> <li> <a href="/us/en/insights/economy/global-economic-outlook/weekly-update.html?icid=wn_weekly-update" target="_self"> <strong>Weekly economic update</strong> <p>See what's happening this week and the impact on your business</p> </a> </li> </ul> </div> <div class="cmp-pr-nav__menu__links-wrapper aem-GridColumn aem-GridColumn--default--9 aem-GridColumn--phone--12">  <ul class="cmp-pr-nav__menu__links-section aem-Grid aem-Grid--12"> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/.html?icid=top_" target="_self">Spotlight</a></h4> <ul> <li> <a href="/us/en/insights/economy/global-economic-outlook/weekly-update.html?icid=insights_top_weekly-update" target="_self"> Weekly Economic Outlook</a> </li> <li> <a href="/us/en/insights/focus/top-10-business-insights.html?icid=top_top-10-business-insights" target="_self"> Top 10 Reading Guide</a> </li> <li> <a href="/us/en/insights/environmental-social-governance.html?icid=insights_top_environmental-social-governance" target="_self"> Celebrating Earth Month</a> </li> <li> <a href="/us/en/insights/resilience.html?icid=top_resilience" target="_self"> Resilience</a> </li> <li> <a href="/us/en/insights/focus/cognitive-technologies.html?icid=top_cognitive-technologies" target="_self"> Artificial Intelligence</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/.html?icid=top_" target="_self">Topics</a></h4> <ul> <li> <a href="/us/en/insights/strategy.html?icid=top_strategy" target="_self"> Strategy</a> </li> <li> <a href="/us/en/insights/economy-society.html?icid=top_economy-society" target="_self"> Economy & Society</a> </li> <li> <a href="/us/en/insights/operations.html?icid=top_operations" target="_self"> Operations</a> </li> <li> <a href="/us/en/insights/workforce.html?icid=insights_top_workforce" target="_self"> Workforce</a> </li> <li> <a href="/us/en/insights/technology.html?icid=top_technology" target="_self"> Technology</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/.html?icid=top_" target="_self">Industries</a></h4> <ul> <li> <a href="/us/en/insights/consumer-industry.html?icid=insights_top_consumer-industry" target="_self"> Consumer</a> </li> <li> <a href="/us/en/insights/energy-resources-industrials.html?icid=insights_top_energy-resources-industrials" target="_self"> Energy, Resources, & Industrials</a> </li> <li> <a href="/us/en/insights/industry/financial-services.html?icid=insights_top_financial-services" target="_self"> Financial Services</a> </li> <li> <a href="/us/en/insights/industry/public-sector.html?icid=insights_top_public-sector" target="_self"> Government & Public Services</a> </li> <li> <a href="/us/en/insights/life-sciences-health-care.html?icid=insights_top_life-sciences-health-care" target="_self"> Life Sciences & Health Care</a> </li> <li> <a href="/us/en/insights/technology-media-telecommunications.html?icid=insights_top_technology-media-telecommunications" target="_self"> Technology, Media, & Telecommunications</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/.html?icid=top_" target="_self">More from Deloitte Insights</a></h4> <ul> <li> <a href="/us/en/insights/about-deloitte-insights.html?icid=insights_top_about-deloitte-insights" target="_self"> About</a> </li> <li> <a href="/us/en/insights/deloitte-insights-magazine.html?icid=top_deloitte-insights-magazine" target="_self"> Deloitte Insights Magazine</a> </li> <li> <a href="/us/en/insights/multimedia/podcasts.html?icid=top_podcasts" target="_self"> Press Room Podcasts</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a></a></h4> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a></a></h4> </li> </ul> <div class="cmp-pr-nav__menu__close"> <a href="" aria-label="Close" class="icon-remove"></a> </div> </div> </div> </div> </li> <li aria-haspopup="true" role="menuitem" class="cmp-pr-nav__item" id="list4"> <a href="#" data-sub="Careers" class="cmp-pr-nav__item__link" aria-haspopup="true" aria-expanded="false">Careers<i class="icon-chevron"></i> </a>  <div class="cmp-pr-nav__menu" aria-expanded="false" aria-labelledby="list4"> <div class="cmp-container-width aem-Grid aem-Grid--12"> <div class="cmp-pr-nav__menu__Whats-new-section aem-GridColumn aem-GridColumn--default--3 aem-GridColumn--phone--12"> <h4>What's New</h4> <ul> <li> <a href="/us/en/careers/students.html?icid=wn_students" target="_self"> <strong>Students</strong> <p>Your success is our focus. From internships to on-the-job training, there’s plenty of room for your career to grow for years to come. Apply today and join us. We can impact the world—together.</p> </a> </li> <li> <a href="/us/en/pages/careers/articles/join-deloitte-talent-networks.html?icid=wn_join-deloitte-talent-networks" target="_blank"> <strong>Deloitte's Talent Network</strong> <p>Inspiring connections. Impactful work. All here. All waiting to be discovered by you. When you join our Talent Network, you're connecting to career resources that provide insights into working at Deloitte and potential job opportunities. Let's get started.</p> </a> </li> </ul> </div> <div class="cmp-pr-nav__menu__links-wrapper aem-GridColumn aem-GridColumn--default--9 aem-GridColumn--phone--12">  <ul class="cmp-pr-nav__menu__links-section aem-Grid aem-Grid--12"> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/us/en/careers/careers.html?icid=top_careers" target="_self">Careers</a></h4> <ul> <li> <a href="/us/en/pages/careers/articles/join-deloitte-audit-careers.html?icid=top_join-deloitte-audit-careers" target="_self"> Audit & Assurance</a> </li> <li> <a href="/us/en/pages/careers/articles/join-deloitte-consulting-careers.html?icid=top_join-deloitte-consulting-careers" target="_self"> Consulting</a> </li> <li> <a href="/us/en/pages/careers/articles/join-deloitte-advisory-careers.html?icid=top_join-deloitte-advisory-careers" target="_self"> Risk & Financial Advisory</a> </li> <li> <a href="/us/en/pages/careers/articles/join-deloitte-tax-careers.html?icid=top_join-deloitte-tax-careers" target="_self"> Tax</a> </li> <li> <a href="/us/en/pages/careers/articles/join-deloitte-internal-services-careers.html?icid=top_join-deloitte-internal-services-careers" target="_self"> Internal Services</a> </li> <li> <a href="/us/en/pages/careers/articles/join-deloitte-us-delivery-centers.html?icid=top_join-deloitte-us-delivery-centers" target="_self"> US Delivery Center</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/us/en/careers/students.html?icid=top_students" target="_self">Students</a></h4> <ul> <li> <a href="/us/en/careers/students.html?icid=top_students" target="_self"> Explore opportunities</a> </li> <li> <a href="/us/en/pages/careers/articles/join-deloitte-internships.html?icid=top_join-deloitte-internships" target="_self"> Internships</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12 navigation-column"> <h4><a href="/us/en/careers/experienced-hires.html?icid=top_experienced-hires" target="_self">Experienced Professionals</a></h4> <ul> <li> <a href="/us/en/careers/additional-opportunities.html?icid=top_additional-opportunities" target="_self"> Additional Opportunities</a> </li> <li> <a href="/us/en/pages/careers/articles/join-deloitte-military-veterans.html?icid=top_join-deloitte-military-veterans" target="_self"> Veterans</a> </li> <li> <a href="/us/en/careers/executives.html?icid=top_executives" target="_self"> Executives</a> </li> <li> <a href="/us/en/pages/careers/articles/deloitte-open-talent.html?icid=top_deloitte-open-talent" target="_self"> Contractors</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="https://apply.deloitte.com/?icid=top_" target="_blank">Job Search</a></h4> <ul> <li> <a href="https://apply.deloitte.com/careers/SearchJobs?3_5_3=477%2C478%2C480?icid=top_" target="_blank"> Entry Level Jobs</a> </li> <li> <a href="https://apply.deloitte.com/careers/SearchJobs?3_5_3=479?icid=top_" target="_blank"> Experienced Professional Jobs</a> </li> <li> <a href="/us/en/pages/careers/articles/join-deloitte-recruiting-tips.html?icid=top_join-deloitte-recruiting-tips" target="_self"> Recruiting Tips</a> </li> <li> <a href="/us/en/pages/careers/articles/explore-your-fit.html?icid=top_explore-your-fit" target="_self"> Explore Your Fit</a> </li> <li> <a href="/us/en/pages/labor-condition-applications/articles/labor-condition-applications.html?icid=top_labor-condition-applications" target="_self"> Labor Condition Applications</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/us/en/careers/life-at-deloitte.html?icid=top_life-at-deloitte" target="_self">Life at Deloitte</a></h4> <ul> <li> <a href="/us/en/pages/careers/topics/life-at-deloitte-careers-blog.html?icid=top_life-at-deloitte-careers-blog" target="_self"> Life at Deloitte Careers Blog</a> </li> <li> <a href="/us/en/pages/about-deloitte/articles/growth-and-development.html?icid=top_growth-and-development" target="_self"> Growth & Development</a> </li> <li> <a href="/us/en/pages/about-deloitte/articles/inclusion-work-life-fit.html?icid=top_inclusion-work-life-fit" target="_self"> Thriving Together</a> </li> <li> <a href="/us/en/pages/about-deloitte/articles/deloitte-university-leadership-center.html?icid=top_" target="_self"> Deloitte University</a> </li> </ul> </li> <li class="cmp-pr-nav__menu__item aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <h4><a href="/us/en/careers/alumni.html?icid=top_alumni" target="_self">Alumni Relations</a></h4> <ul> <li> <a href="https://deloittesurvey.deloitte.com/Community/se/3FC11B266BCBC785?icid=top_" target="_blank"> Update Your Information</a> </li> <li> <a href="https://alumni.deloitte.com/event/event/index/menu?icid=top_" target="_blank"> Events</a> </li> <li> <a href="https://alumni.deloitte.com/modeman/instance/main/name/jobs/index/menu?icid=top_" target="_blank"> Marketplace Jobs Dashboard</a> </li> </ul> </li> </ul> <div class="cmp-pr-nav__menu__close"> <a href="" aria-label="Close" class="icon-remove"></a> </div> </div> </div> </div> </li> <li class="cmp-pr-nav__site-selector cmp-pr-nav__item" role="menuitem"> <a href="javascript:void(0)" class="cmp-header__ut-nav__site-sel__link location-link" data-toggle="siteSelector" aria-expanded="false" role="button"> <span class="desk-countrySelector">US-EN</span> <span class="mobile-location">Location:</span> <span class="mobile-countrySelector">United States-English</span>   <i class="icon-chevron"></i> </a> </li> <li class="cmp-pr-nav__contactus-link cmp-pr-nav__item"> <a href="/us/en/footerlinks/contact-us.html?icid=top_contact-us" aria-label="contact us" class="cmp-pr-nav__item__link" title='Contact us' aria-expanded="false"> <i class="icon-phone-o"></i> <span class="mobile-contactUs">Contact us</span> </a> </li> </ul> </nav> <div class="menu-overlay"></div> </div>  <div class="cmp-header__ut-wrapper">  <div class="cmp-search" id="internal-search"> <div class="aem-Grid aem-Grid--12"> <div class="aem-GridColumn aem-GridColumn--phone--1 cmp-header__mobile--close"> <button class="cmp-search__remove-icon" type="button" aria-label="Close" aria-expanded="false"> <i class="icon-remove"></i> </button> </div> <div class="aem-GridColumn aem-GridColumn--phone--11 cmp-header__mobile--searchinput"> <div class="cmp-search__form"> <ds-search-bar></ds-search-bar> <ds-oe-search style="display: none !important;"></ds-oe-search> <ds-oe-search-bar style="display:none !important"></ds-oe-search-bar> <ds-search hidden></ds-search> </div> </div> </div> </div> <ul id="header__ut-nav" class="cmp-header__ut-nav"> <li id="header__ut-nav__search-icon" class="cmp-header__ut-nav__search-icon"> <button class="" type="button" aria-label='Search'> <i class="icon-search"></i> </button> </li> <li id="header__ut-nav__site-sel" class="cmp-header__ut-nav__site-sel">  <a href="javascript:void(0)" class="cmp-header__ut-nav__site-sel__link location-link" data-toggle="siteSelector" aria-expanded="false" role="button"> <span class="desk-countrySelector">US-EN</span> <span class="mobile-location">Location:</span> <span class="mobile-countrySelector">United States-English</span>   <i class="icon-chevron"></i> </a> </li> <li id="header__ut-nav__cts-link" class="cmp-header__ut-nav__cts-link"> <a href="/us/en/footerlinks/contact-us.html?icid=top_contact-us" title='Contact us' aria-label='Contact us'> <i class="icon-phone-o"></i> <span class="cmp-header__ut-nav__cts-link__text">Contact us</span> </a> </li>  <li id="register" class="cmp-header__ut-nav__reg-link"> <a class="icon-profile-outline icon" aria-label="profile outline" href="https://my.deloitte.com?site=us-en" title='Join My Deloitte'> </a> </li> <li id="profile_pic_id" class="profile-pic" aria-expanded="false"> <span id="profile_pic_span" class="logged-in icon"> <img id="profile_pic"/> </span> <a id="profile_pic_id_mobile" href="https://my.deloitte.com/index.html#/dashboard" target="_blank" rel="noopener noreferrer" class="header-button mobile-register-button logged-in"><span class="profile_pic_span_mobile"><img id="profile_pic_mobile"/></span></a> <ul class="nav-content" id="nav-content" role="menu"> <li role="menuitem"> <a href="https://my.deloitte.com/index.html#/dashboard?requestedBy=dcom&pullDown=true&site=us-en" target="_blank" rel="noopener noreferrer" class="icon-dashboard" onclick="setCookieForPullDownMenu()">Dashboard</a> </li> <li role="menuitem"> <a href="https://my.deloitte.com/index.html#/bookmarks?requestedBy=dcom&pullDown=true&site=us-en" target="_blank" rel="noopener noreferrer" class="icon-bookmark-o" onclick="setCookieForPullDownMenu()">Saved items</a> </li> <li role="menuitem"> <a href="https://my.deloitte.com/index.html#/feed?requestedBy=dcom&pullDown=true&site=us-en" target="_blank" rel="noopener noreferrer" class="icon-tags-o" onclick="setCookieForPullDownMenu()">Content feed</a> </li> <li role="menuitem"> <a href="https://my.deloitte.com/index.html#/subscriptions?requestedBy=dcom&pullDown=true&site=us-en" target="_blank" rel="noopener noreferrer" class="icon-subscribe" onclick="setCookieForPullDownMenu()">Subscriptions</a> </li> <li role="menuitem"> <a href="https://my.deloitte.com/index.html#/profile?requestedBy=dcom&pullDown=true&site=us-en" target="_blank" rel="noopener noreferrer" class="icon-profile-outline" onclick="setCookieForPullDownMenu()">Profile/Interests</a> </li> <li role="menuitem"> <a href="https://my.deloitte.com/index.html#/account-settings?requestedBy=dcom&pullDown=true&site=us-en" target="_blank" rel="noopener noreferrer" class="icon-configure" onclick="setCookieForPullDownMenu()">Account settings</a> </li> <li> <button class="signout_button" href="#" onclick="logOut();">Log out</button> </li> </ul> </li>  </ul> </div> </div>    <script> var meta_engine= 'https://deloitte-com-prod.es.northeurope.azure.elastic-cloud.com/dcom-prod-*/_search'; var search_engine= 'https://deloitte-com-prod.es.northeurope.azure.elastic-cloud.com/dcom-prod-english/_search'; var search_key= 'TkNEOVA0RUJKZzJiQkpxN3FnMHg6LXVUdFBBSzNTSTZtWl9OcEZqM1BGUQ'; var searchFacets = "[{"anchor":"Insights","label_with_op":"di-legacy-articles|legacy-homepage|moocpage|legacy-multimedia|flex-articlemultimedia|flex-home|di-flex-blp|flex-topic-two"},{"anchor":"Profiles","label_with_op":"legacy-eeprofile"},{"anchor":"Events","label_with_op":"flex-eventdetails|flex-eventslisting"},{"anchor":"Articles","label_with_op":"dcom-legacy-articles|flex-blp"},{"anchor":"Topics","label_with_op":"legacy-extendedtopic"},{"anchor":"Services","label_with_op":"legacy-solutions|flex-recoverypage"}]"; searchFacets = searchFacets.replace(/"|"/g, '"'); var internalFacets = JSON.parse(searchFacets); var filter_by = "Filter By"; var cse_AllResultsLabel = "All results"; var results_for = "Results for"; var max_results = "More than 100 results"; var search_placeholder = "Search"; var Search_result_term = ""; var word_results ="Results found"; var word_result ="result found"; var search_suggestions = "Search suggestions"; </script>  </header> </div> <div class="responsivegrid aem-GridColumn aem-GridColumn--default--12"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="responsivegrid branded-landing-page-content aem-GridColumn aem-GridColumn--default--12"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="htmlfragment aem-GridColumn aem-GridColumn--default--12">  <div class="standard-white-component no-padding"> <div class="html-fragment-content"> <style> .root-layout { --green: #43B02A; --green-secondary: #009A44; --green-light: #41B04A; --green-dark: #046A38; --green-text: #86BC25; --green-link: #26890D; --teal: #6FC2B4; --teal-light: #DDEFE8; --teal-dark: #004F58; --grey: #D0D0CE; --yellow: #FFCD00; --grey-dimmed: rgba(208, 208, 206, 0.25); --font-size-12: calc((12/16) * 1rem); --font-size-14: calc((14/16) * 1rem); --font-size-16: calc((16/16) * 1rem); --font-size-20: calc((20/16) * 1rem); --font-size-24: calc((24/16) * 1rem); --font-size-32: calc((32/16) * 1rem); --font-size-40: calc((40/16) * 1rem); --font-size-50: calc((50/16) * 1rem); --section-copy: 730px; --section-narrow: 1080px; --section-wide: 1180px; --mobile-padding: 2rem 1rem; padding-top: 10px; /* account for deloitte nav */ margin: auto; } /* font treatment */ .root-layout h1 { font-size: var(--font-size-50); font-weight: 600; line-height: 52px; margin-bottom: 0; } .root-layout h2 { font-size: var(--font-size-32); font-weight: 600; line-height: 40px; } .root-layout h3 { font-size: var(--font-size-24); font-weight: 700; line-height: 36px; } .root-layout h4 { font-size: var(--font-size-16); font-weight: 600; } .root-layout p { font-size: var(--font-size-16); } .root-layout .bold { font-weight: 700; } /* flex layout */ .flex-row { display: flex; flex-flow: row wrap; width: 100%; } .flex-col { display: flex; flex-direction: column; flex-basis: 100%; } /* generic */ .card .link, .card .no-link { font-weight: 600; text-decoration: none; color: black; font-size: 1rem; margin-bottom: 1rem; display: block; } .card .link:after { content: ""; display: inline-block; width: 0.4em; height: 0.4em; border-right: 2px solid black; border-top: 2px solid black; transform: rotate(45deg); margin-left: 0.3em; } /**** SECTIONS ****/ /*** HERO ***/ .hero { display: grid; background: url(/content/dam/html/us/mergers-acquisitions/hub/hero.jpg) no-repeat; background-size: cover; height: 600px; place-items: center; overflow: hidden; width: 100%; } .hero__vid, .hero__header, .hero__wrapper, .hero:after { grid-area: 1 / -1; } .hero__wrapper { display: grid; z-index: 1; max-width: var(--section-narrow); place-items: center; color: white; text-align: center; gap: 2rem; } .hero__header h2 { font-weight: 100; padding-top: 2rem; } .hero__vid { filter: brightness(0.5); } .hero__full-video { /* display: flex; */ /* padding-top: 2rem; */ } .hero__full-video button { font-size: var(--font-size-16); background: transparent; border: none; color: white; text-decoration: underline; } .hero__full-video .arrow { margin: 3px 0 0 10px; width: 26px; height: 26px; border: 2px solid white; color: white; border-radius: 32px; cursor: pointer; font-size: 19px; font-family: monospace; } .hero__button { font-size: var(--font-size-16); margin-bottom: 3em; background: transparent; border: none; color: white; text-decoration: none; } .hero__button span { text-decoration: underline; font-size: inherit; } .hero__button::after { content: '\f105'; font-family: 'DCOM-EDE'; color: white; display: inline-grid; place-content: center; aspect-ratio: 1; width: 27px; padding-left: .1em; margin-block: .5em 0; margin-inline: .5rem auto; border-radius: 50px; border: 2px solid; cursor: pointer; } .hero__mouse-icon { width: 36px; height: 50px; display: block; scale:1 1; transition-property: none; position: relative; top: 10em; } .hero__mouse-icon * { pointer-events: none; } /* Brightcove Overrides */ .video-js.video-js.vjs-fluid:not(.vjs-audio-only-mode) { /* padding-top: 56.25%; */ height: 100%; width: 100%; } .vjs-control-bar { display: none !important; } .vjs-tech { aspect-ratio: 16/9; object-fit: cover; } .bc-player-default_default .vjs-big-play-button { display: none; } /* VIDEO MODAL STYLES */ .modal-open { overflow: hidden !important; } #hero-video__backdrop { visibility: hidden; display: block; position: absolute; top: 0; left: 50%; transform: translate(-50%); z-index: 9999; height: 100vh; background: #000e; width: 100%; } #hero-video__backdrop.video-visible { visibility: visible; } .hero-video__container { width: 100%; height: auto; max-width: 1280px; max-height: 720px; aspect-ratio: 16 / 9; position: absolute; top: 50%; left: 50%; transform: translate(-50%, -50%); background: transparent; box-sizing: border-box; margin: 0; padding: 0; } .hero-video__container::after { content:'\f00d'; font-family: 'DCOM-EDE'; font-size: 2rem; position:absolute; top: -2.5rem; right: 0; display: grid; place-content: center; pointer-events: none; color: white; } #hero-video { width: 100%; height: auto; max-width: 1280px; max-height: 720px; aspect-ratio: 16 / 9; position: absolute; background: transparent; } #hero-video__backdrop .vjs-control-bar { visibility: inherit !important; } .intro { max-width: var(--section-narrow); padding: 4rem; margin: auto; } .intro-container { gap: 2rem; } .intro p.intro-left { margin-top: 0; } .intro p.intro-left::first-letter { font-size: 2rem; font-weight: 800; color: var(--teal); } .intro p.intro-left span { font-size: var(--font-size-20); font-weight: 700; } .intro p.intro-right { margin-top: 1rem; } /* DRIVE SECTION */ .drive-value { /* background-color: #004F59; */ color: white; } .drive-value-container { max-width: var(--section-wide); margin: auto; display: grid; /* grid-template-columns: 50vw 50vw; */ } .drive-value p { margin: 1rem 0; } .drive-value .left { padding: 4rem 0 4rem 0; grid-area: 1 / 1; } .drive-value .left a { color: white; text-decoration: underline; } .drive-value .right { background: url('/content/dam/html/us/mergers-acquisitions/ma-services/section-image.png'); grid-area: 1 / 2; background-repeat: no-repeat; background-size: cover; } .drive-value .right img { object-fit: contain; min-height: 100%; } /* STRATEGY */ .strategy { border-bottom: 5px solid transparent; border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ma-border.png') 1; border-width: 0 0 5px 0; padding: 4rem 0; position: relative; } .strategy-container { max-width: var(--section-wide); margin: auto; gap: 1rem; } .strategy .title { font-weight: 600; margin: 0; } .strategy .sub-title { margin: 2rem 0; font-weight: 700; } .strategy .left { gap: 2rem; margin-top: 1rem; } .strategy .right { flex: 4; } .strategy .cards { justify-content: space-between; } .strategy .card { border-top: 5px solid transparent; width: 140px; padding-top: 1rem; } .strategy .card:first-child { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ma-1.png') 1; border-width: 5px 0 0 0; } .strategy .card:nth-child(2) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ma-2.png') 1; border-width: 5px 0 0 0; } .strategy .card:nth-child(3) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ma-3.png') 1; border-width: 5px 0 0 0; } .strategy .card:nth-child(4) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ma-4.png') 1; border-width: 5px 0 0 0; } .strategy .card:nth-child(5) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ma-5.png') 1; border-width: 5px 0 0 0; } .strategy .card:nth-child(6) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ma-6.png') 1; border-width: 5px 0 0 0; } .strategy .card:nth-child(7) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ma-1.png') 1; border-width: 5px 0 0 0; } /* READINESS */ .ready { border-bottom: 5px solid transparent; border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/transaction-border.png') 1; border-width: 0 0 5px 0; padding: 4rem 0; position: relative; background-color: var(--grey-dimmed); } .ready-container { max-width: var(--section-wide); margin: auto; gap: 1rem; } .ready .title { font-weight: 600; margin: 0; } .ready .sub-title { margin: 2rem 0; font-weight: 700; } .ready .left { gap: 2rem; margin-top: 1rem; } .ready .right { flex: 4; } .ready .cards { justify-content: space-between; } .ready .card { border-top: 5px solid transparent; width: 140px; padding-top: 1rem; } .ready .card:first-child { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ready-1.png') 1; border-width: 5px 0 0 0; } .ready .card:nth-child(2) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ready-2.png') 1; border-width: 5px 0 0 0; } .ready .card:nth-child(3) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ready-3.png') 1; border-width: 5px 0 0 0; } .ready .card:nth-child(4) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ready-4.png') 1; border-width: 5px 0 0 0; } .ready .card:nth-child(5) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ready-5.png') 1; border-width: 5px 0 0 0; } .ready .card:nth-child(6) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ready-6.png') 1; border-width: 5px 0 0 0; } .ready .card:nth-child(7) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ready-1.png') 1; border-width: 5px 0 0 0; } .ready .card .link { font-weight: 600; cursor: pointer; } /* DILIGENCE */ .diligence { border-bottom: 5px solid transparent; border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/diligence-border.png') 1; border-width: 0 0 5px 0; padding: 4rem 0; position: relative; } .diligence-container { max-width: var(--section-wide); margin: auto; gap: 1rem; } .diligence .title { font-weight: 600; margin: 0; } .diligence .sub-title { margin: 2rem 0; font-weight: 700; } .diligence .left { gap: 2rem; margin-top: 1rem; } .diligence .right { flex: 4; } .diligence .cards { gap: 4rem; } .diligence .card { border-top: 5px solid transparent; width: 140px; padding-top: 1rem; } .diligence .card:first-child { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/integration-1.png') 1; border-width: 5px 0 0 0; } .diligence .card:nth-child(2) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/dil-2.png') 1; border-width: 5px 0 0 0; } .diligence .card:nth-child(3) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/dil-3.png') 1; border-width: 5px 0 0 0; } .diligence .card:nth-child(4) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/dil-4.png') 1; border-width: 5px 0 0 0; } .diligence .card:nth-child(5) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/dil-5.png') 1; border-width: 5px 0 0 0; } .diligence .card:nth-child(6) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/dil-6.png') 1; border-width: 5px 0 0 0; } .diligence .card:nth-child(7) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/dil-7.png') 1; border-width: 5px 0 0 0; } .diligence .card:nth-child(8) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/dil-8.png') 1; border-width: 5px 0 0 0; } .diligence .card:nth-child(9) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/dil-9.png') 1; border-width: 5px 0 0 0; } .diligence .card:nth-child(10) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/ma-1.png') 1; border-width: 5px 0 0 0; } .diligence .card .link { font-weight: 600; cursor: pointer; } /* INTEGRATION */ .integration { border-bottom: 5px solid transparent; border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/integration-border.png') 1; border-width: 0 0 5px 0; padding: 4rem 0; position: relative; background-color: var(--grey-dimmed); } .integration-container { max-width: var(--section-wide); margin: auto; gap: 1rem; } .integration .title { font-weight: 600; margin: 0; } .integration .sub-title { margin: 2rem 0; font-weight: 700; } .integration .left { gap: 2rem; margin-top: 1rem; } .integration .right { flex: 4; } .integration .cards { gap: 2rem; } .integration .card { border-top: 5px solid transparent; width: 170px; padding-top: 1rem; } .integration .card:first-child { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/integration-1.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(2) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/integration-2.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(3) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/integration-3.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(4) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-4.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(5) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/integration-5.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(6) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/integration-6.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(7) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/integration-7.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(8) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-8.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(9) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-9.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(10) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-10.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(11) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/integration-11.png') 1; border-width: 5px 0 0 0; } .integration .card:nth-child(12) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/integration-12.png') 1; border-width: 5px 0 0 0; } .integration .card .link { font-weight: 600; cursor: pointer; } /* DIVEST */ .divest { border-bottom: 5px solid transparent; border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-border.png') 1; border-width: 0 0 5px 0; padding: 4rem 0; position: relative; } .divest::before { content: ''; background: url('/content/dam/html/us/mergers-acquisitions/ma-services/light-green-stroke.png') right bottom no-repeat; position: absolute; width: 100%; height: 100%; transform: translateY(250px); z-index: -1; } .divest-container { max-width: var(--section-wide); margin: auto; gap: 1rem; } .divest .title { font-weight: 600; margin: 0; } .divest .sub-title { margin: 2rem 0; font-weight: 700; } .divest .left { gap: 2rem; margin-top: 1rem; } .divest .right { flex: 4; } .divest .cards { gap: 2rem; } .divest .card { border-top: 5px solid transparent; width: 166px; padding-top: 1rem; } .divest .card:first-child { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-1.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(2) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-2.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(3) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-3.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(4) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-4.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(5) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-5.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(6) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-6.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(7) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-7.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(8) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-8.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(9) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-9.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(10) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-10.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(11) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-11.png') 1; border-width: 5px 0 0 0; } .divest .card:nth-child(12) { border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/divest-12.png') 1; border-width: 5px 0 0 0; } /* DIFFERENCE */ .difference { background-image: url('/content/dam/html/us/mergers-acquisitions/difference.png'); padding: 2rem 0 6rem; transform: skewY(2deg); } .difference-container { max-width: var(--section-wide); margin: auto; transform: skewY(-2deg); } .difference h2 { margin-bottom: 2rem; } .difference p { margin: 2rem 0; } /* SUCCESS */ .success { background-color: var(--grey); padding: 4rem 0; z-index: 2; margin-top: -50px; position: relative; } .success-container { max-width: var(--section-wide); margin: auto; } .success h2 { margin-bottom: 2rem; } .success h2 span { font-weight: 700; } .success .cards { gap: 1rem; /* max-width: 920px; */ /* margin: auto; */ /* justify-content: center; */ } .success .card { background-color: white; width: 375px; } .success .card .copy { padding: 2rem; } .success .card .copy p { margin-bottom: 2rem; } .success .read-more { color: var(--green-text); text-decoration: none; font-size: var(--font-size-14); } .success .card .special-handling-img { height: 75px !important; width: 100%; object-fit: cover; } /* PERSPECTIVE */ .perspective { background-color: black; padding: 4rem 0; border-bottom: 5px solid transparent; border-image: url('/content/dam/html/us/mergers-acquisitions/ma-services/contact-border.png') 5; border-width: 0 0 5px 0; } .perspective-container { max-width: var(--section-wide); margin: auto; } .perspective h3 { color: white; margin-bottom: 2rem; } .perspective .cards { gap: .5rem; } .perspective .card { background-color: white; min-height: 350px; width: 380px; padding: 1.5rem; } .perspective .badge { background-color: var(--green-link); display: inline-block; padding: .5rem; font-size: var(--font-size-12); color: white; margin-bottom: 1rem; } .perspective .card p { font-size: var(--font-size-14); } .perspective .card a { color: var(--green-link); text-decoration: underline; font-size: var(--font-size-14); } /* CONTACT */ .contact { background-color: black; padding: 2rem 0 5rem; } .contact-container { max-width: var(--section-wide); margin: auto; color: white; } .contact h3 { margin-bottom: 3rem; } .contact .cards { gap: 2rem; } .contact .card { width: 350px; display: flex; gap: 1rem; } .contact .card img { align-self: baseline; width: 90px; } .contact .card address { font-style: normal; font-size: var(--font-size-14); transform: translateY(-10px); } .contact .card address p { margin: 0.2rem 0; font-size: var(--font-size-14); } .contact .card address .profile-name { font-weight: 800; } .contact .card address a { display: block; text-decoration: none; margin: 0.2rem 0; color: white; } .contact .card address .profile-email { color: var(--green-text); } .contact .card address .profile-phone { color: white; } @media (min-width: 800px) { .flex-col { flex: 1; } } @media (max-width: 799px) { .root-layout section:not(.drive-value) { padding: var(--mobile-padding); } .root-layout .hero { padding: 0 !important; } .intro-container { gap: 1rem; } .intro-left br { display: none; } .diligence .cards, .strategy .cards, .ready .cards, .integration .cards { justify-content: space-between; gap: 1rem; } .drive-value-container { grid-template-columns: auto; grid-template-rows: auto 400px; display: block; } .drive-value .left { padding: var(--mobile-padding); } .drive-value .right { grid-area: 2 / 1; } .divest::before { display: none; } .diligence .left, .integration .left, .divest .left, .strategy .left, .perspective .cards { gap: 1rem; } .difference-container { padding-bottom: 2rem; } .perspective .card { min-height: 300px; width: 100%; } .success { padding-top: 1rem; } .success .card { background-color: white; width: 100%; } .success .card .copy { padding: 1rem; } .success .card img { max-width: 100%; } } @media (min-width: 768px) and (max-width: 1024px) { .success .cards { justify-content: center; } .success .card { width: 450px; } .perspective .card { width: 300px; } } /* CAROUSEL */ .carousel { width: 100%; aspect-ratio: 1920 / 674; } .carousel.card1-background { background: linear-gradient(90deg, rgba(0, 0, 0, 1) 50%, rgba(0, 0, 0, 0) 100%), url("/content/dam/html/us/mergers-acquisitions/hub/hero-updated.jpg"); background-size: cover; background-repeat: no-repeat; background-position: center 35%; } .carousel .carousel-card { display: none; max-width: var(--section-narrow); height: 100%; /* padding: 0px 14px; */ margin: auto; flex-direction: column; justify-content: center; position: relative; } .carousel .carousel-card.active { display: flex; } .carousel .card-type { background-color: var(--yellow); display: inline-block; width: fit-content; padding: 0.5rem; font-size: var(--font-size-12); color: white; margin-bottom: 1rem; } .carousel .card-title { color: white; font-size: var(--font-size-32); font-weight: 600; line-height: 40px; max-width: 600px; } .carousel .card-subtitle { color: var(--yellow); font-size: var(--font-size-24); font-weight: 700; line-height: 36px; max-width: 600px; } .carousel .card-text { color: white; font-size: var(--font-size-16); max-width: 600px; } .carousel .card-cta { color: var(--yellow); font-size: var(--font-size-16); text-decoration: underline; max-width: 600px; } @media (max-width: 1172px) { .carousel { aspect-ratio: unset; background-position: center right; padding: var(--mobile-padding); } .carousel .carousel-card { padding-bottom: 64px; } } /* CALLOUT */ .ma-callout { display: grid; grid-template-columns: 55% 45%; gap: 4rem; align-items: center; background-color: white; border-bottom: 5px solid transparent; border-image: url('/content/dam/html/us/mergers-acquisitions/hub/contact-border.png') 5; border-width: 0 0 5px 0; } .ma-callout__copy { padding: 2rem 1rem; width: min(100%, 1280px); justify-self: center; grid-area: 1 / 1 / 1 / span 2; .card-title { color: var(--green-link); font-size: var(--font-size-32); font-weight: 600; line-height: 40px; max-width: 700px; } .card-subtitle { color: black; font-size: var(--font-size-24); font-weight: 700; line-height: 36px; max-width: 700px; } .card-text { color: black; font-size: var(--font-size-16); max-width: 700px; } .card-cta { font-size: var(--font-size-16); max-width: 700px; display: inline-block; padding: .8rem; margin-top: 1rem; min-width: 100px; font-size: 1rem; text-align: center; color: #fff; background-color: #007CB0; transition: .3s; &:hover { background-color: #0d5e86; } } } .ma-callout__img { height: 100%; grid-area: 1 / 2; img { object-fit: cover; height: 100% !important; max-height: 560px; } } @media (max-width: 768px) { .ma-callout { grid-template-columns: auto; padding: 0 !important; gap: 0; } .ma-callout__copy { padding: 4rem 1rem; order: 1; grid-area: auto; } .ma-callout__img { grid-area: auto; img { height: auto !important; } } } </style> <main class="root-layout"> <header class="hero"> <video autoplay playsinline muted loop class="video-js vjs-fluid hero__vid" data-account="761709628001" data-player="default" data-embed="default" controls="" data-video-id="6360774126112" data-playlist-id="" data-application-id=""></video> <script src="https://players.brightcove.net/761709628001/default_default/index.min.js"></script> <div class="hero__wrapper"> <div class="hero__header"> <h1>M&A Services</h1> <h2>Fortune favors the bold.<br>And the extremely well prepared.</h2> </div> </div> </header> <section class="intro"> <div class="intro-container flex-row"> <div class="flex-col"> <p class="intro-left"><span>Mergers and acquisitions are more than just<br></span> a chance to execute a disruptive business strategy. They’re game-changing moments with opportunities to blaze a bold new trail and create a positive impact, both in business and on society.</p> <p>To unleash the full potential of these moments, you have to bring everything you’ve got. Not just courage, but nerve. Not just a plan, but a vision. Not just passion, but compassion.</p> </div> <div class="flex-col"> <p class="intro-right">Above all else, you’ve got to have the right adviser by your side: Deloitte. Like you, we have a bold purpose, values, and outlook. You can trust our experienced professionals, supported by advanced technology solutions and our global network of consulting, tax, audit, and financial advisory professionals to help you see more, fear less, and accomplish more than you ever thought possible.</p> </div> </div> </section> <section class="carousel card1-background"> <div class="carousel-card card1 active"> <div class="card-type">Insights</div> <h2 class="card-title"> 2024 Global Corporate Divestiture Survey </h2> <p class="card-subtitle"> 5 bold steps to becoming 'divestiture-ready' </p> <p class="card-text"> The potential value of a divestiture goes beyond its transaction price. Our latest Global Corporate Divestiture Survey shows that organizations who approach divestiture planning in earnest can lower their separation cost and effort, increase transaction value, and realize growth and optimization opportunities for the divesting organization. Learn about five steps to consider in your divestiture strategy. </p> <a class="card-cta" href="/us/en/pages/mergers-and-acquisitions/articles/global-corporate-divestiture-survey.html" target="_blank"> Learn more > </a> </div> </section> <section class="hero"> <video autoplay playsinline muted loop class="video-js vjs-fluid hero__vid" data-account="761709628001" data-player="default" data-embed="default" controls="" data-video-id="6327766272112" data-playlist-id="" data-application-id=""></video> <script src="https://players.brightcove.net/761709628001/default_default/index.min.js"></script> <div class="hero__wrapper"> <div class="hero__header"> <section class="drive-value"> <div class="drive-value-container"> <div class="left"> <h2>You bring your boldest aspirations. We help you find your way forward.</h2> <div class="hero__full-video"> <button class="hero__button">Watch the full video</button> </div> </div> </div> </section> </div> </div> </section> <div id="hero-video__backdrop"> <div class="hero-video__container"> <div id="hero-video"></div> </div> </div> <section class="strategy"> <div class="strategy-container"> <h3>M&A strategy</h3> <div class="flex-row left"> <div class="flex-col"> <p>An M&A strategy can be defensive (building resilience) or offensive (accelerating business model transformation, unlocking value from the ecosystem, changing the game). Deloitte professionals can help you define an M&A strategy that considers both your corporate objectives and the changing industry landscape to identify opportunities and targets for growth.</p> </div> <div class="flex-col"> <p>For acquisitions, we formalize the target pursuit process by identifying the characteristics of a model target, as well as the drivers and synergies that indicate whether each one has a place on the short list. For divestitures, we review portfolios and assess performance, weigh restructuring versus sale options, and define deal parameters.</p> </div> </div> <p class="sub-title">Our M&A strategy services include:</p> <div class="flex-row cards"> <div class="card"> <a class="link" href="/us/en/pages/consulting/solutions/growth-and-portfolio-optimization-services.html" target="_blank" onclick="MarsAnalytics('ma-strategy', 'growth-and-portfolio-strategy-development')"> Growth and portfolio strategy development </a> </div> <div class="card"> <a class="link" href="/us/en/insights/focus/industry-4-0/reinvent-operating-model-digital-transformation.html" target="_blank" onclick="MarsAnalytics('ma-strategy', 'strategic-and-operating-model-assessment')"> Strategic and operating model assessment </a> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/solutions/diligence-and-sell-side-advisory-services.html" target="_blank" onclick="MarsAnalytics('ma-strategy', 'Buyside-and-sellside-capability-development')"> Buy-side and sell-side capability development </a> </div> <div class="card"> <p class="no-link">Modeling and strategic alternatives</p> </div> <div class="card"> <a class="link" href="/xa/en/pages/corporate-finance/solutions/mergers-acquisitions-advisory.html?icid=top_mergers-acquisitions-advisory" target="_blank" onclick="MarsAnalytics('ma-strategy', 'Buyside-and-sellside-corporate-financeinvestment-banking')"> Buy-side and sell-side corporate finance/investment banking </a> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/solutions/total-mergers-and-acquisitions-solution.html" target="_blank" onclick="MarsAnalytics('ma-strategy', 'ma-innovative-technologies')"> M&A innovative technologies </a> </div> </div> </div> </section> <section class="ready"> <div class="ready-container"> <h3>Transaction readiness</h3> <div class="flex-row left"> <div class="flex-col"> <p>Where you’re going depends greatly on where you begin. Before you can know whether a target fits your M&A strategy, you need to know whether your M&A strategy aligns with your company’s long-term vision.</p> </div> <div class="flex-col"> <p>What are the pathways to growth in a potential M&A pursuit? How can your organization identify them more accurately and reach them more quickly?</p> <p>Deloitte professionals assist leaders and stakeholders in finding, weighing, and comparing potential targets.</p> </div> </div> <p class="sub-title">We offer:</p> <div class="flex-row cards"> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/solutions/diligence-and-sell-side-advisory-services.html" target="_blank" onclick="MarsAnalytics('we-offer', 'buyside-and-sellside-readiness-assessment')"> Buy-side and sell-side readiness assessment </a> </div> <div class="card"> <p class="no-link">Target identification and screening</p> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/solutions/diligence-and-sell-side-advisory-services.html" target="_blank" onclick="MarsAnalytics('we-offer', 'prebid-advisory-and-diligence')"> Pre-bid advisory and diligence </a> </div> <div class="card"> <p class="no-link">Vendor assistance</p> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/articles/private-equity-value-creation.html" target="_blank" onclick="MarsAnalytics('we-offer', 'value-lever-identification')"> Value lever identification </a> </div> <div class="card"> <p class="no-link">Tax and deal structuring</p> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/solutions/total-mergers-and-acquisitions-solution.html" target="_blank" onclick="MarsAnalytics('we-offer', 'ma-innovative-technologies')"> M&A innovative technologies </a> </div> </div> </div> </section> <section class="diligence"> <div class="diligence-container"> <h3>Transaction diligence and execution</h3> <div class="flex-row left"> <div class="flex-col"> <p>Deloitte's people, processes, and technologies can support efficient and effective transaction due diligence across financial, operational, and commercial dimensions so you can focus on the big picture.</p> </div> <div class="flex-col"> <p>During the preliminary due diligence phase, we identify and critically examine a deal’s potential financial, operational, and commercial risks and value drivers. For acquisitions, we assist in identifying a comprehensive list of cost and growth synergy opportunities during the synergy and value qualification phase, which are foundational to planning efforts and achieving post-deal-close synergy goals. For divestitures, we support sellers in understanding deal risks to preserve transaction value, identify value-creation opportunities, and explore potential non-complementary synergies with the remaining organization.</p> </div> </div> <p class="sub-title">Services include:</p> <div class="flex-row cards"> <div class="card"> <p class="no-link">Bid and negotiation support</p> </div> <div class="card"> <a class="link" href="/us/en/pages/advisory/solutions/transaction-advisory-services.html" target="_blank" onclick="MarsAnalytics('services-include', 'capitalfinance-advisory')"> Capital/finance advisory </a> </div> <div class="card"> <p class="no-link">Due diligence: Financial and tax, commercial and operational, HR, IT and cyber, regulatory and compliance, ESG, DEI, and integrity</p> </div> <div class="card"> <p class="no-link">Valuation and sensitivity analysis</p> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/articles/leveraging-clean-rooms-and-clean-teams-to-accelerate-synergy-capture.html" target="_blank" onclick="MarsAnalytics('services-include', 'sellside-virtual-data-room-and-clean-room-management')"> Sell-side virtual data room and clean room management </a> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/articles/revenue-and-cost-synergy-diligence-in-mergers-and-acquisitions.html" target="_blank" onclick="MarsAnalytics('services-include', 'synergy-and-value-quantification')"> Synergy and value quantification </a> </div> <div class="card"> <a class="link" href="/us/en/pages/operations/articles/mergers-acquisitions-integration-plan-checklist.html" target="_blank" onclick="MarsAnalytics('services-include', 'integrationseparation-planning')"> Integration/separation planning </a> </div> <div class="card"> <a class="link" href="/us/en/pages/operations/solutions/about-our-functional-integration-and-carve-outs-services.html" target="_blank" onclick="MarsAnalytics('services-include', 'carveout-financials-and-business-plan')"> Carve–out financials and business plan </a> </div> <div class="card"> <a class="link" href="/us/en/pages/audit/solutions/ipo-readiness.html" target="_blank" onclick="MarsAnalytics('services-include', 'ipo-readiness-and-assistance')"> IPO readiness and assistance </a> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/solutions/total-mergers-and-acquisitions-solution.html" target="_blank" onclick="MarsAnalytics('services-include', 'ma-innovative-technologies')"> M&A innovative technologies </a> </div> </div> </div> </section> <section class="integration"> <div class="integration-container"> <h3>Integration strategy</h3> <div class="flex-row left"> <div class="flex-col"> <p>From tangible functional concerns like cybersecurity to intangibles like corporate culture, getting everything and everyone ready for Day 1 implementation involves myriad workstreams and milestones. Effectively executing these interrelated elements has lasting implications for long-term, post-deal synergies and performance goals.</p> </div> <div class="flex-col"> <p>Deloitte professionals can help you take control with real-time progress dashboards that facilitate cross-functional collaboration during and after the transaction close period. Together, we can map, track, and manage the processes that are critical to synergy capture, full value realization, and long- term growth.</p> </div> </div> <p class="sub-title">We provide:</p> <div class="flex-row cards"> <div class="card"> <p class="no-link">Purchase agreement advisory</p> </div> <div class="card"> <a class="link" href="/us/en/pages/operations/solutions/about-our-integration-strategy-execution-services.html" target="_blank" onclick="MarsAnalytics('integration-strategy', 'integration-management-office')"> Integration management office </a> </div> <div class="card"> <a class="link" href="/content/dam/Deloitte/us/Documents/process-and-operations/us-m-and-a-day-one-readiness.pdf" target="_blank" onclick="MarsAnalytics('integration-strategy', 'day-1-readiness-planning-and-stabilization')"> Day 1 readiness, planning, and stabilization </a> </div> <div class="card"> <p class="no-link">Synergy targets and realization</p> </div> <div class="card"> <a class="link" href="/us/en/pages/human-capital/solutions/organization-strategy-and-design.html" target="_blank" onclick="MarsAnalytics('integration-strategy', 'organizational-design-leadership-and-workforce-transition')"> Organizational design; Leadership and workforce transition </a> </div> <div class="card"> <a class="link" href="/us/en/pages/human-capital/solutions/strategic-change-management.html" target="_blank" onclick="MarsAnalytics('integration-strategy', 'employee-experience-change-management-and-communications')"> Employee experience, change management, and communications </a> </div> <div class="card"> <p class="no-link">Functional integration: Research & development, sales & marketing, operations, HR, finance, tax, IT, real estate, legal</p> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/solutions/total-mergers-and-acquisitions-solution.html" target="_blank" onclick="MarsAnalytics('integration-strategy', 'ma-innovative-technologies')"> M&A innovative technologies </a> </div> </div> </div> </section> <section class="divest"> <div class="divest-container"> <h3>Divestiture strategy</h3> <div class="flex-row left"> <div class="flex-col"> <p>Divesting an asset or selling an entire company comes with a long list of challenges—costs, timelines, and disruption to business as usual, to name just a few.</p> </div> <div class="flex-col"> <p>Drawing from our experience with 2,500+ such deals, we help clients navigate complex market and economic conditions to become prepared sellers, incorporating their divestment goals and planning for flawless execution to maximize deal value.</p> </div> </div> <p class="sub-title">We provide:</p> <div class="flex-row cards"> <div class="card"> <p class="no-link">Sale agreement advisory</p> </div> <div class="card"> <p class="no-link">Separation management office</p> </div> <div class="card"> <a class="link" href="/us/en/pages/risk/articles/10-most-asked-questions-for-ipo-readiness.html" target="_blank" onclick="MarsAnalytics('divestiture-strategy', 'day-1ipospac-readiness-planning-and-stabilization')"> Day 1/IPO/SPAC readiness, planning and stabilization </a> </div> <div class="card"> <a class="link" href="/us/en/pages/human-capital/solutions/organization-strategy-and-design.html" target="_blank" onclick="MarsAnalytics('divestiture-strategy', 'transaction-service-agreement-tsa-carveout-and-stranded-cost-support')"> Transaction Service Agreement (TSA), carve-out and stranded cost support </a> </div> <div class="card"> <a class="link" href="/us/en/pages/human-capital/solutions/strategic-change-management.html" target="_blank" onclick="MarsAnalytics('divestiture-strategy', 'employee-experience-change-management-and-communications')"> Employee experience, change management, and communications </a> </div> <div class="card"> <p class="no-link">Functional separation: Research & development, sales & marketing, operations, HR, finance, tax, treasury, IT, real estate, legal</p> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/solutions/total-mergers-and-acquisitions-solution.html" target="_blank" onclick="MarsAnalytics('divestiture-strategy', 'organizational-design-leadership-and-workforce-transition')"> Organizational design; Leadership and workforce transition </a> </div> <div class="card"> <a class="link" href="/us/en/pages/mergers-and-acquisitions/solutions/total-mergers-and-acquisitions-solution.html" target="_blank" onclick="MarsAnalytics('divestiture-strategy', 'ma-innovative-technologies')"> M&A innovative technologies </a> </div> </div> </div> </section> <section class="difference"> <div class="difference-container"> <h2>The Deloitte difference</h2> <p>From strategy and due diligence and transaction execution to post-deal integration or divestiture, we do whatever it takes to help you achieve sustainable growth and competitive advantage. Because we know that for you, it's not just another deal. It's a chance to leave a legacy. </p> <p>We combine deep industry knowledge with an accelerated process grounded in honesty, transparency, and an innovative mindset. Our cognitive enablers and accelerators bring the power of automation, analytics, and machine learning to M&A transactions. All so you can anticipate what's around the next curve and effectively prepare your organization for change.</p> <p><span class="bold">If that sounds bold, good.</span> Because in our 100+ years of experience we've learned that's what it takes to get things done.</p> </div> </section> <section class="success"> <div class="success-container"> <h2>Client success in action</h2> <div class="cards flex-row"> <div class="card"> <img class="special-handling-img" src="https://www2.deloitte.com/content/dam/html/us/mergers-acquisitions/ma-services/Client-8.png" alt="UnboundEd Client Success"> <div class="copy"> <h3>UnboundEd becomes more than the sum of its parts</h3> <p>A strategic merger between two nonprofits acted as an impact multiplier for educational equity </p> <a class="read-more" href="/us/en/pages/about-deloitte/articles/unbounded-becomes-more-than-the-sum-of-its-parts.html" target="_blank" onclick="MarsAnalytics('client-success-in-action', 'unbounded-client-success')"> Read more </a> </div> </div> <div class="card"> <img src="/content/dam/html/us/mergers-acquisitions/ma-services/client-7.png" alt="In M&A, theres no second chance"> <div class="copy"> <h3>In M&A, there’s no second chance to make a first impression</h3> <p>In one of the largest-ever bank acquisitions in North America, strategic planning helped drive a complex integration and seamless welcome for a regional bank’s customers.</p> <a class="read-more" href="/us/en/pages/about-deloitte/articles/in-m-and-a-theres-no-second-chance-to-make-a-first-impression.html" target="_blank" onclick="MarsAnalytics('client-success-in-action', 'in-m-a-theres-no-second-chance')"> Read more </a> </div> </div> <div class="card"> <img src="/content/dam/html/us/mergers-acquisitions/ma-services/client-6.png" alt="Cultivating growth through expansion"> <div class="copy"> <h3>Cultivating growth through expansion</h3> <p>For one US agribusiness, the seeds for continued success lay in M&A</p> <a class="read-more" href="/us/en/pages/about-deloitte/articles/cultivating-growth-through-expansion.html" target="_blank" onclick="MarsAnalytics('client-success-in-action', 'cultivating-growth-through-expansion')"> Read more </a> </div> </div> </div> </div> </section> <section class="perspective"> <div class="perspective-container"> <h3>Gain perspective</h3> <div class="flex-row cards"> <div class="card"> <div class="badge">Perspectives</div> <h4>AI in M&A: Where art and science meet</h4> <p>There’s plenty of hard arithmetic in M&A, but it’s not all about numbers. There’s art alongside the science, and parts of the life cycle depend more on heuristic judgment than on quantifiable metrics. Learn why there is a role for Generative AI in M&A, but it may not always be a starring one.</p> <a href="/us/en/pages/mergers-and-acquisitions/articles/generative-ai-in-m-and-a.html" target="_blank" onclick="MarsAnalytics('ai-in-m-and-a', 'where-art-and-science-meet')"> Learn More </a> </div> <div class="card"> <div class="badge">Insights</div> <h4>GenAI impacts on your cultural M&A diligence analysis</h4> <p>In this blog post, we explore a few uses cases for GenAI in culture diligence and how it can help leaders and deal teams alike to focus on nuanced decision making and spend less time processing data.</p> <a href="/us/en/blog/mergers-acquisitions-insights-news/2024/ai-powered-cultural-m-and-a-diligence-analysis.html" target="_blank" onclick="MarsAnalytics('genai-impacts', 'genai-impact-on-your-cultural')" rel="noopener"> Learn More </a> </div> <div class="card"> <div class="badge">Perspectives</div> <h4>5 ways GenAI can elevate the value of your M&A clean room</h4> <p>Reimagining clean room analytics as a strategic differentiator</p> <a href="/us/en/pages/mergers-and-acquisitions/articles/reimagine-your-m-and-a-clean-room-with-gen-ai.html?%20%20id=us:2em:3na:IntelligentCleanRoomAssistant:awa:mandr:080624:mkid-K0198042&ctr=cta&sfid=0035Y00004atSutQAE" target="_blank" onclick="MarsAnalytics('gen-ai-can-elevate', 'the-value-m-and-a')" rel="noopener"> Learn More </a> </div> </div> </div> </section> <section class="ma-callout" id="mars-contact-us-form"> <div class="ma-callout__copy"> <h2 class="card-title"> M&A opportunity? Restructuring challenge? </h2> <p class="card-subtitle"> We're here for you. Stay connected with MyDeloitte. </p> <p class="card-text"> For insights into Mergers, Acquisitions, and Restructuring topics, visit <a href="my.deloitte.com" target="_blank">my.deloitte.com</a> to create your own personalized feed and enroll in email updates. Once you're signed in and set up, you'll have access to a robust content library of news, industry-specific takeaways, and topics of interest that will help you realize your brightest future. </p> <a class="card-cta" href="https://my.deloitte.com/?site=us_en&action=optin&aoi=a0930000003Eafh&&pl=en-US&pc=US&pi=int" target="_blank"> Visit MyDeloitte > </a> </div> <div class="ma-callout__img"> <img src="/content/dam/html/us/mergers-acquisitions/ma-callout.jpg" alt="M&A logo"/> </div> </section> <section class="contact"> <div class="contact-container"> <h3>Ready to start the discussion? Contact us.</h3> <div class="flex-row cards"> <div class="card"> <img src="/content/dam/html/us/mergers-acquisitions/hub/adam-reilly-updated.png" alt="profile image of Adam Reilly"> <address> <p> <a class="profile-name" href="/us/en/profiles/areilly.html" target="_blank">Adam Reilly</a> </p> <p class="profile-title">Mergers, Acquisitions, and Restructuring<br>National Managing Partner, Deloitte & Touche LLP</p> <a class="profile-email" href="mailto:areilly@deloitte.com">areilly@deloitte.com</a> <a class="profile-phone" href="tel:+1 415 783 5797">+1 415 783 5797</a> </address> </div> <div class="card"> <img src="/content/dam/html/us/mergers-acquisitions/ma-services/us-will-leader-90x90-circular-resize.png" alt="profile image of Will Braeutigam"> <address> <p class="profile-name"> <a href="/us/en/profiles/wbraeutigam.html" target="_blank" onclick="MarsAnalytics('contact-us', 'wbraeutigam')"> Will Braeutigam </a> </p> <p class="profile-title">Mergers, Acquisitions, and Restructuring<br>Audit & Assurance Services Leader<br>Partner, Deloitte & Touche LLP</p> <a class="profile-email" href="mailto:wbraeutigam@deloitte.com" onclick="MarsAnalyticsEmail('contact-us', 'wbraeutigamdeloittecom')"> wbraeutigam@deloitte.com </a> <a class="profile-phone" href="tel:+1 713 982 3436">+1 713 982 3436</a> </address> </div> <div class="card"> <img src="/content/dam/html/us/mergers-acquisitions/ma-services/susan.png" alt="profile image of Susan Dettmar"> <address> <p class="profile-name"> <a href="/us/en/profiles/sdettmar.html" target="_blank" onclick="MarsAnalytics('contact-us', 'susan-dettmar')"> Susan Dettmar </a> </p> <p class="profile-title">Mergers, Acquisitions, and Restructuring<br>Consulting Services Leader<br>Principal, Deloitte Consulting LLP</p> <a class="profile-email" href="mailto:sdettmar@deloitte.com" onclick="MarsAnalyticsEmail('contact-us', 'sdettmardeloittecom')"> sdettmar@deloitte.com </a> <a class="profile-phone" href="tel:+1 703 251 1620">+1 703 251 1620</a> </address> </div> <div class="card"> <img src="/content/dam/html/us/mergers-acquisitions/ma-services/russel.png" alt="profile image of Russell Thomson"> <address> <p class="profile-name"> <a href="/us/en/profiles/rthomson.html" target="_blank" onclick="MarsAnalytics('contact-us', 'russell-thomson')"> Russell Thomson </a> </p> <p class="profile-title">Mergers, Acquisitions, and Restructuring<br>Risk & Financial Advisory Services Leader<br>Partner, Deloitte & Touche LLP</p> <a class="profile-email" href="mailto:rthomson@deloitte.com" onclick="MarsAnalyticsEmail('contact-us', 'rthomsondeloittecom')"> rthomson@deloitte.com </a> <a class="profile-phone" href="tel:+1 212 436 4671">+1 212 436 4671</a> </address> </div> <div class="card"> <img src="/content/dam/html/us/mergers-acquisitions/ma-services/jim-watson-v1.png" alt="profile image of Jim Watson"> <address> <p> <a class="profile-name" href="/us/en/profiles/jim-watson.html" target="_blank"> Jim Watson </a> </p> <p class="profile-title">Mergers, Acquisitions, and Restructuring<br>Tax Services Leader<br>Partner, Deloitte Tax LLP </p> <a class="profile-email" href="mailto:jamwatson@deloitte.com"> jamwatson@deloitte.com </a> <a class="profile-phone" href="tel:+1 312 486 4917">+1 312 486 4917</a> </address> </div> </div> </div> </section> </main>  <script defer src="https://www.youtube.com/iframe_api"></script> <script defer src="https://players.brightcove.net/761709628001/default_default/index.min.js"></script> <script src="https://www2.deloitte.com/content/dam/html/us/analytics/peter/analytics.js"></script> <script> window.addEventListener("load", function() { if (window.location.hash === "#mars-contact-us-form") { var element = document.getElementById("mars-contact-us-form"); if (element) { window.scrollTo({ top: element.offsetTop - 100, // Adjust the value (100) to the desired space behavior: 'smooth' }); } } }); </script> <script> document.addEventListener('DOMContentLoaded', marsPrivateEquity); // ANALYTICS const WDA = new WebDevAnalytics('mars-services'); // YT Setup function onYouTubeIframeAPIReady() { createPlayer('5vSBGI64HU4', document.querySelector('#hero-video')?.id); } // DOMContentLoaded function marsServices() { let heroVideoBackdrop = document.querySelector("#hero-video__backdrop"); let heroVideoBtns = document.querySelectorAll(".hero__button"); heroVideoBtns.forEach((btn) => btn.addEventListener("click", function (e) { window.scroll(0, 0); heroVideoBackdrop.classList.add("video-visible"); document.body.classList.add("modal-open"); fullVideo.playVideo(); (window.devicePixelRatio > 1 && !isMobile()) ? document.querySelector('.hero-video__container').style.width = '50%' : null; heroVideoBtnAnalytics(); }) ); // Close modal when backdrop is clicked heroVideoBackdrop.addEventListener("click", function (e) { if (e.target == heroVideoBackdrop) { fullVideo.seekTo(0); fullVideo.pauseVideo(); heroVideoBackdrop.classList.remove("video-visible"); document.body.classList.remove("modal-open"); } }); document.querySelector('.contact-container').addEventListener('click', (e) => { let events; const section = 'contact-us'; if (e.target.matches('.profile-name')) { const val = e.target.textContent.replace(' ', '-').toLowerCase(); events = [ { event: 'event72', id: val, section }, { event: 'eVar72', content: val, section }, ]; } if (e.target.matches('.profile-email')) { const val = e.target.textContent.replace(/[@.]/g, ''); events = [ { event: 'event72', id: val, section }, { event: 'eVar72', content: val, section }, { event: 'event44'} ]; } WDA.dispatchAnalyticsEvent(events); }); document.querySelector('.ma-services').addEventListener('click', (e) => { const section = 'ma-services'; if (e.target.matches('.link')) { const val = e.target.textContent.replaceAll('&', '').replaceAll(' ', '-').replaceAll('--', '-').toLowerCase(); const events = [ { event: 'event72', id: val, section }, { event: 'eVar72', content: val, section }, ]; WDA.dispatchAnalyticsEvent(events); } }); document.querySelector('.restructuring-services').addEventListener('click', (e) => { const section = 'restructuring-services'; if (e.target.matches('.link')) { const val = e.target.textContent.replaceAll('&', '').replaceAll(' ', '-').toLowerCase(); const events = [ { event: 'event72', id: val, section }, { event: 'eVar72', content: val, section }, ]; WDA.dispatchAnalyticsEvent(events); } }); function heroVideoBtnAnalytics() { WDA.dispatchAnalyticsEvent([ { event: 'event72', id: 'fullVideo', section: 'mars-services-video' }, { event: 'eVar72', content: 'watch-the-video', section: 'mars-services-video' }, { event: 'event23' } ]); } } function createPlayer(videoID, heroFrame) { fullVideo = new YT.Player(heroFrame, { videoId: videoID, playerVars: { autoplay: 0}, events: { onStateChange: onPlayerStateChange }, }); } function scrollToLocation(e) { const location = e?.target?.hash; if (!location) { return; } e.preventDefault(); window.scrollTo({ top: document.querySelector(location).offsetTop - 90, behavior: 'smooth'}); } function isMobile() { return window.matchMedia('(max-width: 768px)').matches; }; function onPlayerStateChange(event) { if (event.data == -1) { WDA.dispatchAnalyticsEvent([ { event: 'eVar28', content: 'video-start', section: 'watch-the-video' }, { event: 'event17' } ], ['prop4', 'prop5']); } else if (event.data == 0) { WDA.dispatchAnalyticsEvent([ { event: 'eVar28', content: 'video-end', section: 'watch-the-video' }, { event: 'event20' } ], ['prop4', 'prop5']); } } var PubID = dataLayer.custom.customConversion1.split(":").pop(); if (PubID != "" && PubID != null) { PubID += ":"; } else { PubID = "null:"; } var marsFirstClick = true; function MarsAnalytics(section, target) { target = target.replaceAll(' ', '-'); target = target.replaceAll(/[\’\:\&\,\.\'\"\\\|\/]/g, ''); section = section.replaceAll(' ', '-'); section = section.replaceAll(/[\’\:\&\,\.\'\"\\\|\/]/g, ''); var ActionType = "click"; s.linkTrackVars = 'prop1,prop2,prop3,eVar72'; s.eVar72 = PubID + section + ':' + ActionType + ':' + target; s.eVar72 = s.eVar72.toLowerCase(); s.prop1 = sc_country; s.prop2 = sc_language; s.prop3 = sc_country + ';' + sc_language; if (marsFirstClick) { s.linkTrackEvents = "event23,event71,event72"; s.events = "event23,event71,event72"; s.tl(this, "o", s.eVar72); marsFirstClick = false; } else { s.linkTrackEvents = "event23,event71"; s.events = "event23,event71"; s.tl(this, "o", s.eVar72); } } var marsEmailFirstClick = true; function MarsAnalyticsEmail(section, target) { target = target.replaceAll(' ', '-'); target = target.replaceAll(/[\’\:\&\,\.\'\"\\\|\/]/g, ''); section = section.replaceAll(' ', '-'); section = section.replaceAll(/[\’\:\&\,\.\'\"\\\|\/]/g, ''); var ActionType = "click"; s.linkTrackVars = 'prop1,prop2,prop3,eVar72'; s.eVar72 = PubID + section + ':' + ActionType + ':' + target; s.eVar72 = s.eVar72.toLowerCase(); s.prop1 = sc_country; s.prop2 = sc_language; s.prop3 = sc_country + ';' + sc_language; if (marsEmailFirstClick) { s.linkTrackEvents = "event23,event44,event71,event72"; s.events = "event23,event44,event71,event72"; s.tl(this, "o", s.eVar72); marsEmailFirstClick = false; } else { s.linkTrackEvents = "event23,event44,event71"; s.events = "event23,event44,event71"; s.tl(this, "o", s.eVar72); } } </script> </div> </div></div> <div class="htmlfragment aem-GridColumn aem-GridColumn--default--12">  <div class="standard-white-component no-padding"> <div class="html-fragment-content"> <style> /*Branding Landing Page override*/ .branded-landing-page-content { max-width: 100%; margin: 60px auto; } .aem-Grid.aem-Grid--default--12 > .aem-GridColumn.aem-GridColumn--default--12 { padding: 0; margin-bottom: 0; } .aem-GridColumn { padding: 0; } .htmlfragment:last-child { display: none; } /* nav */ .fragment-topnav-wrapper { font-size: .9rem; } .fragment-topnav-logo-container { flex-basis: 20%; } @media (max-width: 799px) { .fragment-topnav-logo-container { flex-basis: 90%; } } /* contact us form */ #mars-contact-us-form.standard-white-component { max-width: 1200px; margin: auto; padding: 4rem 0; } #mars-contact-us-form .secondary-headline { margin-bottom: 2rem; font-weight: 100; } .elq-form { font-size: .9rem; } .form_leftcolmark { display: none; } .form_row { margin-bottom: 1em; } .form_field { width: 50%; } #tos-mars-contact-us { height: 13px; width: 13px; } #mars-contact-us-form label { font-weight: 100; } .form_button_submit-mars-contact-us { border: none; border-radius: 2px; padding: 0.5em 2em; font-size: 14px; } @media (max-width: 767px) { #mars-contact-us-form { padding: 2rem; } #mars-contact-us-form .secondary-headline { padding: 0 2rem; } .form_field { width: 100%; } #section-tos-mars-contact-us .form_rightcol_wrapper { display: flex; } } </style> <p class="hide-edit-mode-html"> Insert Custom HTML fragment. Do not delete! This box/component contains code that is needed on this page. This message will not be visible when page is activated.<br /><span style="color: red; font-weight: bold" >+++ DO NOT USE THIS FRAGMENT WITHOUT EXPLICIT APPROVAL FROM THE CREATIVE STUDIO DEVELOPMENT TEAM +++</span > </p> <script> // hide author message box & fragment title on live & preview pages if (isEditMode == "false") { const customHtmlFrags = document.querySelectorAll(".hide-edit-mode-html"); customHtmlFrags.forEach(function (customFrag) { const header = customFrag.closest('.standard-white-component').firstElementChild; if (header.classList.contains('secondary-headline')) { header.style.display = 'none'; } }); customHtmlFrags.forEach(frag => frag.style.display = 'none'); } </script> </div> </div></div> <div class="htmlfragment aem-GridColumn aem-GridColumn--default--12">  <div id="mars-subnav" class="standard-white-component "> <h3 class="secondary-headline"> </h3> <p> </p> <div class="html-fragment-content"> <link rel="stylesheet" type="text/css" href="/content/dam/html/us/deloitte-platforms/current-release/css/navigation.min.css"> <style> @media screen and (min-width: 1080px) { .fragment-topnav-logo-container { padding-left: 1rem; } } @media screen and (min-width: 768px) and (max-width: 838px) { .fragment-topnav-nav ul { width: max-content; } .fragment-topnav-navlistitem.has-subnav { padding-right: 0; } .fragment-topnav-navlistitem { margin-left: 20px; padding: 0; } } </style> <script type="text/javascript" src="/content/dam/html/us/deloitte-platforms/current-release/js/navigation.min.js"></script> <script type="text/javascript"> // Get options from CMS var navigationLogoImage = [ "${navigation-logo-image}" ], navigationLogoURL = [ "https://www2.deloitte.com/us/en/services/mergers-acquisitions-restructuring-services.html" ], navigationLogoAltText = [ "${navigation-logo-alt-text}" ], navigationHeader = [ "Mergers, Acquisitions, and Restructuring" ], navigationMobileHeader = [ "${navigation-mobile-header}" ], navigationText = [ "M&A", "Restructuring", "M&A Private Equity", "M&A Sustainable Infrastructure", "More", "Contact us", "${navigation-item7-text}", "${navigation-item8-text}", "${navigation-item9-text}", "${navigation-item10-text}" ], navigationURL = [ "https://www2.deloitte.com/us/en/services/mergers-and-acquisitions.html", "https://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/solutions/restructuring-m-and-a.html", "https://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/solutions/private-equity-services.html", "https://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/solutions/sustainability-esg-infrastructure-investment.html", "#", "#mars-contact-us-form", "${navigation-item7-link}", "${navigation-item8-link}", "${navigation-item9-link}", "${navigation-item10-link}" ], navigationActiveState = [ "${navigation-item1-active}", "${navigation-item2-active}", "${navigation-item3-active}", "${navigation-item4-active}", "${navigation-item5-active}", "${navigation-item6-active}", "${navigation-item7-active}", "${navigation-item8-active}", "${navigation-item9-active}", "${navigation-item10-active}" ], navigationSubnavText = [ [ "${navigation-item1-subnav-text}", "${navigation-item2-subnav-text}", "${navigation-item3-subnav-text}", "${navigation-item4-subnav-text}", "Blog", "${navigation-item6-subnav-text}", "${navigation-item7-subnav-text}", "${navigation-item8-subnav-text}", "${navigation-item9-subnav-text}", "${navigation-item10-subnav-text}" ],[ "${navigation-item1-subnavrow2-text}", "${navigation-item2-subnavrow2-text}", "${navigation-item3-subnavrow2-text}", "${navigation-item4-subnavrow2-text}", "Events", "${navigation-item6-subnavrow2-text}", "${navigation-item7-subnavrow2-text}", "${navigation-item8-subnavrow2-text}", "${navigation-item9-subnavrow2-text}", "${navigation-item10-subnavrow2-text}" ],[ "${navigation-item1-subnavrow3-text}", "${navigation-item2-subnavrow3-text}", "${navigation-item3-subnavrow3-text}", "${navigation-item4-subnavrow3-text}", "Insights", "${navigation-item6-subnavrow3-text}", "${navigation-item7-subnavrow3-text}", "${navigation-item8-subnavrow3-text}", "${navigation-item9-subnavrow3-text}", "${navigation-item10-subnavrow3-text}" ],[ "${navigation-item1-subnavrow4-text}", "${navigation-item2-subnavrow4-text}", "${navigation-item3-subnavrow4-text}", "${navigation-item4-subnavrow4-text}", "M&A Infrastructure Services", "${navigation-item6-subnavrow4-text}", "${navigation-item7-subnavrow4-text}", "${navigation-item8-subnavrow4-text}", "${navigation-item9-subnavrow4-text}", "${navigation-item10-subnavrow4-text}" ],[ "${navigation-item1-subnavrow5-text}", "${navigation-item2-subnavrow5-text}", "${navigation-item3-subnavrow5-text}", "${navigation-item4-subnavrow5-text}", "M&A Institute", "${navigation-item6-subnavrow5-text}", "${navigation-item7-subnavrow5-text}", "${navigation-item8-subnavrow5-text}", "${navigation-item9-subnavrow5-text}", "${navigation-item10-subnavrow5-text}" ],[ "${navigation-item1-subnavrow6-text}", "${navigation-item2-subnavrow6-text}", "${navigation-item3-subnavrow6-text}", "${navigation-item4-subnavrow6-text}", "Podcasts", "${navigation-item6-subnavrow6-text}", "${navigation-item7-subnavrow6-text}", "${navigation-item8-subnavrow6-text}", "${navigation-item9-subnavrow6-text}", "${navigation-item10-subnavrow6-text}" ],[ "${navigation-item1-subnavrow7-text}", "${navigation-item2-subnavrow7-text}", "${navigation-item3-subnavrow7-text}", "${navigation-item4-subnavrow7-text}", "Women in M&A", "${navigation-item6-subnavrow7-text}", "${navigation-item7-subnavrow7-text}", "${navigation-item8-subnavrow7-text}", "${navigation-item9-subnavrow7-text}", "${navigation-item10-subnavrow7-text}" ],[ "${navigation-item1-subnavrow8-text}", "${navigation-item2-subnavrow8-text}", "${navigation-item3-subnavrow8-text}", "${navigation-item4-subnavrow8-text}", "Careers", "${navigation-item6-subnavrow8-text}", "${navigation-item7-subnavrow8-text}", "${navigation-item8-subnavrow8-text}", "${navigation-item9-subnavrow8-text}", "${navigation-item10-subnavrow8-text}" ],[ "${navigation-item1-subnavrow9-text}", "${navigation-item2-subnavrow9-text}", "${navigation-item3-subnavrow9-text}", "${navigation-item4-subnavrow9-text}", "${navigation-item5-subnavrow9-text}", "${navigation-item6-subnavrow9-text}", "${navigation-item7-subnavrow9-text}", "${navigation-item8-subnavrow9-text}", "${navigation-item9-subnavrow9-text}", "${navigation-item10-subnavrow9-text}" ],[ "${navigation-item1-subnavrow10-text}", "${navigation-item2-subnavrow10-text}", "${navigation-item3-subnavrow10-text}", "${navigation-item4-subnavrow10-text}", "${navigation-item5-subnavrow10-text}", "${navigation-item6-subnavrow10-text}", "${navigation-item7-subnavrow10-text}", "${navigation-item8-subnavrow10-text}", "${navigation-item9-subnavrow10-text}", "${navigation-item10-subnavrow10-text}" ] ], navigationSubnavURL = [ [ "${navigation-item1-subnav-link}", "${navigation-item2-subnav-link}", "${navigation-item3-subnav-link}", "${navigation-item4-subnav-link}", "https://www2.deloitte.com/us/en/blog/mergers-acquisitions-insights-news.html", "${navigation-item6-subnav-link}", "${navigation-item7-subnav-link}", "${navigation-item8-subnav-link}", "${navigation-item9-subnav-link}", "${navigation-item10-subnav-link}" ],[ "${navigation-item1-subnavrow2-link}", "${navigation-item2-subnavrow2-link}", "${navigation-item3-subnavrow2-link}", "${navigation-item4-subnavrow2-link}", "https://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/articles/m-and-a-events.html", "${navigation-item6-subnavrow2-link}", "${navigation-item7-subnavrow2-link}", "${navigation-item8-subnavrow2-link}", "${navigation-item9-subnavrow2-link}", "${navigation-item10-subnavrow2-link}" ],[ "${navigation-item1-subnavrow3-link}", "${navigation-item2-subnavrow3-link}", "${navigation-item3-subnavrow3-link}", "${navigation-item4-subnavrow3-link}", "https://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/articles/ma-insights-strategy-and-trends.html", "${navigation-item6-subnavrow3-link}", "${navigation-item7-subnavrow3-link}", "${navigation-item8-subnavrow3-link}", "${navigation-item9-subnavrow3-link}", "${navigation-item10-subnavrow3-link}" ],[ "${navigation-item1-subnavrow4-link}", "${navigation-item2-subnavrow4-link}", "${navigation-item3-subnavrow4-link}", "${navigation-item4-subnavrow4-link}", "https://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/solutions/sustainability-esg-infrastructure-investment.html", "${navigation-item6-subnavrow4-link}", "${navigation-item7-subnavrow4-link}", "${navigation-item8-subnavrow4-link}", "${navigation-item9-subnavrow4-link}", "${navigation-item10-subnavrow4-link}" ],[ "${navigation-item1-subnavrow5-link}", "${navigation-item2-subnavrow5-link}", "${navigation-item3-subnavrow5-link}", "${navigation-item4-subnavrow5-link}", "https://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/solutions/mergers-and-acquisitions-institute.html", "${navigation-item6-subnavrow5-link}", "${navigation-item7-subnavrow5-link}", "${navigation-item8-subnavrow5-link}", "${navigation-item9-subnavrow5-link}", "${navigation-item10-subnavrow5-link}" ],[ "${navigation-item1-subnavrow6-link}", "${navigation-item2-subnavrow6-link}", "${navigation-item3-subnavrow6-link}", "${navigation-item4-subnavrow6-link}", "https://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/topics/m-and-a-trends-podcast-series.html", "${navigation-item6-subnavrow6-link}", "${navigation-item7-subnavrow6-link}", "${navigation-item8-subnavrow6-link}", "${navigation-item9-subnavrow6-link}", "${navigation-item10-subnavrow6-link}" ],[ "${navigation-item1-subnavrow7-link}", "${navigation-item2-subnavrow7-link}", "${navigation-item3-subnavrow7-link}", "${navigation-item4-subnavrow7-link}", "https://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/articles/women-in-m-and-a.html", "${navigation-item6-subnavrow7-link}", "${navigation-item7-subnavrow7-link}", "${navigation-item8-subnavrow7-link}", "${navigation-item9-subnavrow7-link}", "${navigation-item10-subnavrow7-link}" ],[ "${navigation-item1-subnavrow8-link}", "${navigation-item2-subnavrow8-link}", "${navigation-item3-subnavrow8-link}", "${navigation-item4-subnavrow8-link}", "https://www2.deloitte.com/us/en/pages/careers/articles/mergers-acquisitions-jobs-deloitte.html", "${navigation-item6-subnavrow8-link}", "${navigation-item7-subnavrow8-link}", "${navigation-item8-subnavrow8-link}", "${navigation-item9-subnavrow8-link}", "${navigation-item10-subnavrow8-link}" ],[ "${navigation-item1-subnavrow9-link}", "${navigation-item2-subnavrow9-link}", "${navigation-item3-subnavrow9-link}", "${navigation-item4-subnavrow9-link}", "${navigation-item5-subnavrow9-link}", "${navigation-item6-subnavrow9-link}", "${navigation-item7-subnavrow9-link}", "${navigation-item8-subnavrow9-link}", "${navigation-item9-subnavrow9-link}", "${navigation-item10-subnavrow9-link}" ],[ "${navigation-item1-subnavrow10-link}", "${navigation-item2-subnavrow10-link}", "${navigation-item3-subnavrow10-link}", "${navigation-item4-subnavrow10-link}", "${navigation-item5-subnavrow10-link}", "${navigation-item6-subnavrow10-link}", "${navigation-item7-subnavrow10-link}", "${navigation-item8-subnavrow10-link}", "${navigation-item9-subnavrow10-link}", "${navigation-item10-subnavrow10-link}" ] ], numberOfSubnavRows = [ "${navigation-item1-subnavrows}", "${navigation-item2-subnavrows}", "${navigation-item3-subnavrows}", "${navigation-item4-subnavrows}", "8", "${navigation-item6-subnavrows}", "${navigation-item7-subnavrows}", "${navigation-item8-subnavrows}", "${navigation-item9-subnavrows}", "${navigation-item10-subnavrows}" ]; // Social Links var navigationSocial = { facebook: "${navigation-social-facebook}", linkedin: "${navigation-social-linkedin}", twitter: "${navigation-social-twitter}", google: "${navigation-social-googleplus}", email: "${navigation-social-email}", weibo: "${navigation-social-weibo}", renren: "${navigation-social-renren}", vk: "${navigation-social-vk}", xing: "${navigation-social-xing}", pinterest: "${navigation-social-pinterest}" } // Social Share Custom Attributes var shareimg = "${navigation-share-img}", sharedesc = "${navigation-share-desc}", shareurl = "${navigation-share-url}", sharetitle = "${navigation-share-title}", sharesitename = "${navigation-share-sitename}", sharetwitter = "${navigation-share-twitter}", sharetwittertags = "${navigation-share-twittertags}"; // Determine if any of the social links have been set var navigationSocialActive = false; for (var socialItem in navigationSocial) { if (navigationSocial[socialItem] == "true") navigationSocialActive = true; } var numberOfLinks = "6", // Number of navgiation cols renderedLogo = "", // Logo to be used in navigation renderedLinks = ""; // String containing generated navigation items if (numberOfLinks == "" || numberOfLinks.substring(0,2) == "${") numberOfLinks = "0"; renderedLogo += "<div class=\"fragment-topnav-logo-container\">\n"; // Build the navigation logo if ( navigationLogoImage[0] != "" && navigationLogoImage[0].substring(0,2) != "${" ) { // If the logo has a link associated with it, wrap it in an anchor if (navigationLogoURL[0] != "" && navigationLogoURL[0].substring(0,2) != "${") { renderedLogo += " <a class='fragment-topnav-homelink' href='" + navigationLogoURL + "' onclick=\"navigationLogoClick('logo click')\">"; } renderedLogo += " <img class='fragment-topnav-logo' src='" + navigationLogoImage + "' alt='" + navigationLogoAltText + "'"; // Add alt text to the image renderedLogo += ">\n"; if (navigationLogoURL[0] != "" && navigationLogoURL[0].substring(0,2) != "${") { renderedLogo += " </a>\n"; } } else { var navigationHeaderText = ""; // Set text to navigationHeader, fallback to navigationMobileHeader if ( navigationHeader[0] != "" && navigationHeader[0].substring(0,2) != "${" ) { navigationHeaderText = navigationHeader[0]; } else if ( navigationMobileHeader[0] != "" && navigationMobileHeader[0].substring(0,2) != "${" ) { navigationHeaderText = navigationMobileHeader[0]; } if(navigationHeaderText != "") { // If there's no logo, but there is a title set renderedLogo += "<div class='fragment-topnav-text-header'>" // If the logo has a link associated with it, wrap it in an anchor if (navigationLogoURL[0] != "" && navigationLogoURL[0].substring(0,2) != "${") { renderedLogo += " <a href='" + navigationLogoURL + "' onclick=\"navigationLogoClick('logo click')\">" + navigationHeaderText + "</a>\n"; } else { renderedLogo += navigationHeaderText + "\n"; } renderedLogo += "</div>\n"; } } renderedLogo += "</div>\n"; // Start building the navigation renderedLinks += " <div class='fragment-topnav item-count-" + numberOfLinks + "'>\n"; renderedLinks += " <div class='fragment-topnav-wrapper'>\n"; if (renderedLogo.length > 0) { renderedLinks += renderedLogo; } renderedLinks += " <div class='fragment-topnav-nav-social'>\n"; renderedLinks += " <nav class='fragment-topnav-nav'><ul>\n"; // Loop through each navigation item for (var i = 0; i < numberOfLinks; i++) { // Generate the link classname classname = "fragment-topnav-link js-nav-link"; if (navigationActiveState[i] === "yes") { classname += " is-active-link"; } if (i === 0) { classname += " is-first-link"; } if (i == numberOfLinks - 1) { classname += " is-last-link"; } // Generate HTML for each link var topNavLinkHref = "#"; if (navigationURL[i] != "" && navigationURL[i].charAt(0) != "$") topNavLinkHref = navigationURL[i]; renderedLinks += " <li class='fragment-topnav-navlistitem'>\n"; renderedLinks += " <a class=\"" + classname + "\" href=\"" + topNavLinkHref + "\" onclick=\"navigationMenuClick('" + navigationText[i] + "', 'click')\">" + navigationText[i] + "</a>\n"; // If there is a defined subnav, render those items if (navigationSubnavText[0][i] != "" && navigationSubnavText[0][i].substring(0,2) != "${" && navigationSubnavURL[0][i] != "" && navigationSubnavURL[0][i].substring(0,2) != "${") { var subNavRows = numberOfSubnavRows[i]; if(subNavRows == "" || subNavRows.substring(0,2) == "${") { subNavRows = 0; } else if (subNavRows > 10) { subNavRows = 10; } // Only if between 1 and 10 rows if(subNavRows > 0) { var subNavClass = "fragment-topnav-subnav js-subnav"; renderedLinks += " <span class='fragment-topnav-trigger fragment-subnav-trigger js-subnav-trigger'><i class=\"icon-chevron\"></i></span>\n"; renderedLinks += " <div class='" + subNavClass + "'><table>\n"; for (var rowI = 0; rowI < subNavRows; rowI++) { renderedLinks += " <tr>\n"; var subNavColLinkText = navigationSubnavText[rowI][i].split('|'); var subNavColLinkUrls = navigationSubnavURL[rowI][i].split('|'); var subNavColItemCount = subNavColLinkText.length; if(subNavColItemCount > 6) subNavColItemCount = 6; for (var colI = 0; colI < subNavColItemCount; colI++) { renderedLinks += " <td class='fragment-topnav-subnav-item'><a class='fragment-topnav-subnav-link' href=\"" + subNavColLinkUrls[colI] + "\">" + subNavColLinkText[colI] + "</a></td>\n"; } renderedLinks += " </tr>\n"; } renderedLinks += " </table></div>\n"; } } // Close the link list item renderedLinks += " </li>\n"; } // Once the navigation build is complete, add it to the page renderedLinks += " </ul></nav>\n"; // If social links have been defined, add them to the fragment if (navigationSocialActive) { renderedLinks += "<div class='fragment-topnav-social social-share-links'>\n"; renderedLinks += " <input type=\"hidden\" name=\"nav_social_img\" value=\"" + shareimg + "\"/>\n"; renderedLinks += " <input type=\"hidden\" name=\"nav_social_desc\" value=\"" + sharedesc + "\"/>\n"; renderedLinks += " <input type=\"hidden\" name=\"nav_social_url\" value=\"" + shareurl + "\"/>\n"; renderedLinks += " <input type=\"hidden\" name=\"nav_social_title\" value=\"" + sharetitle + "\"/>\n"; renderedLinks += " <input type=\"hidden\" name=\"nav_social_sitename\" value=\"" + sharesitename + "\"/>\n"; renderedLinks += " <input type=\"hidden\" name=\"nav_social_twittertags\" value=\"" + sharetwittertags + "\"/>\n"; if ( sharetwitter != "" && sharetwitter.substring(0,2) != "${" ) { renderedLinks += " <input type=\"hidden\" name=\"nav_social_twitter\" value=\"" + sharetwitter + "\"/>\n"; } else renderedLinks += " <input type=\"hidden\" name=\"nav_social_twitter\" value=\"DeloitteUS\"/>\n"; renderedLinks += " <ul>\n"; renderedLinks += " <li><span class='fragment-topnav-social-label'>Share</span></li>\n"; if (navigationSocial.facebook == "true") renderedLinks += " <li><a class='icon-facebook' onclick=\"nav_fragment_actions.nav_social_share('facebook');navigationSocialClick('facebook');\" title='Facebook' href='#'></a></li>\n"; if (navigationSocial.linkedin == "true") renderedLinks += " <li><a class='icon-linkedin' onclick=\"nav_fragment_actions.nav_social_share('linkedin');navigationSocialClick('linkedin');\" title='LinkedIn' href='#'></a></li>\n"; if (navigationSocial.twitter == "true") renderedLinks += " <li><a class='icon-twitter' onclick=\"nav_fragment_actions.nav_social_share('twitter');navigationSocialClick('twitter');\" title='Twitter' href='#'></a></li>\n"; if (navigationSocial.google == "true") renderedLinks += " <li><a class='icon-googleplus' onclick=\"nav_fragment_actions.nav_social_share('googleplus');navigationSocialClick('googleplus');\" title='Google Plus' href='#'></a></li>\n"; if (navigationSocial.email == "true") renderedLinks += " <li><a class='icon-email' onclick=\"nav_fragment_actions.nav_social_share('email');navigationSocialClick('email');\" title='Email' href='#'></a></li>\n"; if (navigationSocial.weibo == "true") renderedLinks += " <li><a class='icon-weibo' onclick=\"nav_fragment_actions.nav_social_share('weibo');navigationSocialClick('weibo');\" title='Weibo' href='#'></a></li>\n"; if (navigationSocial.renren == "true") renderedLinks += " <li><a class='icon-renren' onclick=\"nav_fragment_actions.nav_social_share('renren');navigationSocialClick('renren');\" title='Renren' href='#'></a></li>\n"; if (navigationSocial.vk == "true") renderedLinks += " <li><a class='icon-vk' onclick=\"nav_fragment_actions.nav_social_share('vk');navigationSocialClick('vk');\" title='VK' href='#'></a></li>\n"; if (navigationSocial.xing == "true") renderedLinks += " <li><a class='icon-xing' onclick=\"nav_fragment_actions.nav_social_share('xing');navigationSocialClick('xing');\" title='Xing' href='#'></a></li>\n"; if (navigationSocial.pinterest == "true") renderedLinks += " <li><a class='icon-pinterest' onclick=\"nav_fragment_actions.nav_social_share('pinterest');navigationSocialClick('pinterest');\" title='Pinterest' href='#'></a></li>\n"; renderedLinks += " </ul>\n </div>\n"; } renderedLinks += " </div>\n <span class='fragment-topnav-trigger js-topnav-trigger'></span>\n"; renderedLinks += " </div>\n </div>\n"; setTimeout(function() { $("#navigation-fragment").append(renderedLinks); // Apply dynamic navigation styling nav_fragment_actions.mobile_nav(); nav_fragment_actions.sub_nav(); nav_fragment_actions.style_nav(); nav_fragment_actions.remove_buttons(); nav_fragment_actions.anchor_links(); }, 100); </script> <div id="navigation-fragment" class="fragment-topnav-strip"></div>  <script type="text/javascript"> // get publication id var PubID = dataLayer.custom.customConversion1.split(":").pop(); if (PubID != "" && PubID != null) { PubID += ":"; } else { PubID = "null:"; } // navigation social click function navigationSocialClick(SocialName) { var FragType = "FRG-092"; var FragID = "mna-nav".replaceAll(" ","-"); var ActionType = "social click"; s.linkTrackVars = 'prop1,prop2,prop3,prop4,prop5,eVar35,eVar54,eVar72'; s.eVar72 = PubID+FragType+':'+ActionType+':'+SocialName+':'+FragID; s.eVar72 = s.eVar72.toLowerCase(); s.eVar35 = "Social_share"; s.eVar54 = SocialName + "_share"; s.prop1 = sc_country; s.prop2 = sc_language; s.prop3 = sc_country + ';' + sc_language; s.prop4 = dataLayer.page.attributes.secondLevel; s.prop5 = dataLayer.page.attributes.siteSection; s.linkTrackEvents = 'event71,event72,event23'; s.events = 'event71,event72,event23'; s.tl(this, 'o', s.eVar35,s.eVar54,s.eVar72); } //other navigation click analytics var navFirstClick = true; window.addEventListener("load", function() { $(".fragment-topnav-text-header a").on("click", function(e) { var target = $(this).text(); target = target.replaceAll(' ', '-'); target = target.replaceAll(/[\’\:\&\,\.\'\"\\\|\/]/g, ''); var ActionType = "click"; s.linkTrackVars = 'prop1,prop2,prop3,eVar72'; s.eVar72 = PubID+'sub-nav:'+ActionType+':'+target; s.eVar72 = s.eVar72.toLowerCase(); s.prop1 = sc_country; s.prop2 = sc_language; s.prop3 = sc_country + ';' + sc_language; if(navFirstClick){ s.linkTrackEvents = "event23,event71,event72"; s.events = "event23,event71,event72"; s.tl(this, "o", s.eVar72); navFirstClick = false; } else { s.linkTrackEvents = "event23,event71"; s.events = "event23,event71"; s.tl(this, "o", s.eVar72); } }); $(".js-nav-link").on("click", function(e) { var target = $(this).text(); target = target.replaceAll(' ', '-'); target = target.replaceAll(/[\’\:\&\,\.\'\"\\\|\/]/g, ''); var ActionType = "click"; s.linkTrackVars = 'prop1,prop2,prop3,eVar72'; s.eVar72 = PubID+'sub-nav:'+ActionType+':'+target; s.eVar72 = s.eVar72.toLowerCase(); s.prop1 = sc_country; s.prop2 = sc_language; s.prop3 = sc_country + ';' + sc_language; if(navFirstClick){ s.linkTrackEvents = "event23,event71,event72"; s.events = "event23,event71,event72"; s.tl(this, "o", s.eVar72); navFirstClick = false; } else { s.linkTrackEvents = "event23,event71"; s.events = "event23,event71"; s.tl(this, "o", s.eVar72); } }); $(".fragment-topnav-subnav-link").on("click", function(e) { var target = $(this).text(); target = target.replaceAll(' ', '-'); target = target.replaceAll(/[\’\:\&\,\.\'\"\\\|\/]/g, ''); var ActionType = "click"; s.linkTrackVars = 'prop1,prop2,prop3,eVar72'; s.eVar72 = PubID+'sub-nav:'+ActionType+':'+target; s.eVar72 = s.eVar72.toLowerCase(); s.prop1 = sc_country; s.prop2 = sc_language; s.prop3 = sc_country + ';' + sc_language; if(navFirstClick){ s.linkTrackEvents = "event23,event71,event72"; s.events = "event23,event71,event72"; s.tl(this, "o", s.eVar72); navFirstClick = false; } else { s.linkTrackEvents = "event23,event71"; s.events = "event23,event71"; s.tl(this, "o", s.eVar72); } }); }); </script> <div class="hide-edit-mode"> <script> if (isEditMode != "true") { // hide author message box $(".hide-edit-mode").hide(); } </script> <p>Deloitte Platforms Navigation. Do not delete! This box/component contains JavaScript that is needed on this page. This message will not be visible when page is activated.<p> </div> </div> </div></div> </div> </div> <div class="responsivegrid aem-GridColumn aem-GridColumn--default--12"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="related-topics aem-GridColumn aem-GridColumn--default--12">  <div id="cmp-related-tags" class="cmp-tag"> <div class="cmp-tags-content cmp-content-width"> <div class="aem-Grid aem-Grid--12 aem-Grid--phone--12">  <div class="aem-GridColumn aem-GridColumn--default--7 aem-GridColumn--phone--12">  </div>  <div class="aem-GridColumn aem-GridColumn--default--5 aem-GridColumn--phone--12"> <div class="recently-viewed" id="recently-viewed-target"></div> </div> </div> </div> </div></div> </div> </div> </div> </div> <div class="footer aem-GridColumn aem-GridColumn--default--12">  <footer class="cmp-footer" id="footer">  <div class="cmp-footer__top-bar"> <div class="cmp-container-width aem-Grid aem-Grid--12"> <div class="aem-GridColumn aem-GridColumn--default--9 aem-GridColumn--tablet--12 aem-GridColumn--phone--12">  <ul class="cmp-footer__cta-links" id="footer__cta-links"> <li><a href="/us/en/footerlinks/contact.html?icid=bn_contact-us" target="_self">Contact us</a></li> <li><a href="https://apply.deloitte.com/" target="_self">Search jobs</a></li> <li class="submit-rfp"><a href="/us/en/footerlinks/submit-rfp.html?icid=bn_submit-rfp" target="_self">Submit RFP</a></li> <li><a href="https://my.deloitte.com/?site=insights-us-en_en&action=optin&sub=a0C1400001SsODM&nocheck=true&pl=en-US&pc=US&pi=sub">Subscribe to Deloitte Insights</a></li> </ul>  </div> <div class="aem-GridColumn aem-GridColumn--default--3 aem-GridColumn--tablet--12 aem-GridColumn--phone--12">   </div> </div> </div>   <div class="cmp-footer__utility-bar" id="footer__utility-bar"> <div class="cmp-container-width aem-Grid aem-Grid--12"> <div class="aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--phone--12">  <div class="cmp-footer__utility-bar__loc"> <a href="/us/en/footerlinks/global-office-directory.html?icid=bottom_global-office-directory" title="Global office directory" class="cmp-footer__utility-bar__loc-directory">Global office directory</a> <a href="/us/en/footerlinks/office-locator.html?icid=bottom_office-locator" title="US office locations" class="cmp-footer__utility-bar__loc-office">US office locations</a> </div>   <div class="cmp-footer__utility-bar__loc"> <a href="javascript:void(0)" class="cmp-header__ut-nav__site-sel__link location-link" data-toggle="siteSelector" aria-expanded="false" role="button"> <span class="desk-countrySelector">US-EN</span> <span class="mobile-location">Location:</span> <span class="mobile-countrySelector">United States-English</span>   <i class="icon-chevron"></i> </a> </div>  </div>  <div class="aem-GridColumn aem-GridColumn--default--4 aem-GridColumn--phone--12"> <div class="cmp-footer__utility-bar__about"> <a href="/us/en/footerlinks1/about-deloitte.html?icid=bottom_about-deloitte" title="About Deloitte" class="cmp-footer__utility-bar__about-link" id="footer__utility-bar__about">About Deloitte</a> </div> </div>  </div> </div>   <div class="cmp-footer__links"> <div class="cmp-container-width aem-Grid aem-Grid--12"> <div class="cmp-footer__links-get-connected aem-GridColumn aem-GridColumn--default--2 aem-GridColumn--phone--12" id="footer__links-get-connected"> <ul> <li><a href="/us/en/pages/about-deloitte/articles/about-deloitte.html?icid=bottom_about-deloitte">About Deloitte</a></li> <li><a href="/us/en/pages/about-deloitte/articles/client-stories-and-successes.html?icid=bottom_client-stories-and-successes">Client stories</a></li> <li><a href="https://my.deloitte.com?site=us_en?icid=bottom_">My Deloitte</a></li> <li><a href="/us/en/insights.html?icid=bottom_insights">Deloitte Insights</a></li> <li><a href="/us/en/footerlinks/email-subscriptions.html?icid=bottom_email-subscriptions">Email subscriptions</a></li> <li><a href="/us/en/footerlinks/pressreleasespage.html?icid=bottom_pressreleasespage">Press releases</a></li> <li><a href="/us/en/footerlinks/submit-rfp.html?icid=bottom_submit-rfp">Submit RFP</a></li> <li><a href="/us/en/footerlinks/office-locator.html?icid=bottom_office-locator">US office locations</a></li> <li><a href="/us/en/footerlinks/alumni.html?icid=bottom_alumni">Alumni</a></li> <li><a href="/us/en/footerlinks/global-office-directory.html?icid=bottom_global-office-directory">Global office directory</a></li> <li><a href="/us/en/footerlinks/newsroom.html?icid=bottom_newsroom">Newsroom</a></li> <li><a href="/us/en/footerlinks/dbriefs.html?icid=bottom_dbriefs">Dbriefs webcasts</a></li> <li><a href="/us/en/footerlinks/contact-us.html?icid=bottom_contact-us" class="text-bold">Contact us</a></li> </ul> <div id="footer__social" class="social-media-links"> <ul> <li><a class="icon-twitter" href="https://www.twitter.com/deloitteus" title="follow deloitte us on twitter"></a></li> <li><a class="icon-linkedin" href="https://www.linkedin.com/company/deloitte/" title="connect with deloitte on linkedin"></a></li> <li><a class="icon-youtube" href="https://www.youtube.com/user/DeloitteLLP" title="view deloitte us on youtube"></a></li> <li><a class="icon-glassdoor" href="http://www.glassdoor.com/Overview/Working-at-Deloitte-EI_IE2763.11,19.htm" title="check deloitte us out on glassdoor"></a></li> <li><a class="icon-instagram" href="https://www.instagram.com/lifeatdeloitteus/" title="follow deloitte us on instagram"></a></li> </ul> </div> </div> <div class="cmp-footer__links-target aem-GridColumn aem-GridColumn--default--3 aem-GridColumn--phone--12" id="footer__links-target">  </div> <div class="aem-GridColumn aem-GridColumn--default--2 aem-GridColumn--phone--12" id="footer__links-services"> <h5>Services</h5> <ul> <li><a href="/us/en/services/tax.html?icid=bottom_tax">Tax</a></li> <li><a href="/us/en/services/consulting.html?icid=bottom_consulting">Consulting</a></li> <li><a href="/us/en/services/audit.html?icid=bottom_audit">Audit & Assurance</a></li> <li><a href="/us/en/pages/deloitte-private/solutions/deloitte-private-company-services.html?icid=bottom_deloitte-private-company-services">Deloitte Private</a></li> <li><a href="/us/en/services/mergers-acquisitions-restructuring-services.html?icid=bottom_mergers-acquisitions-restructuring-services">M&A and Restructuring</a></li> <li><a href="/us/en/services/advisory.html?icid=bottom_advisory">Risk & Financial Advisory</a></li> <li><a href="/us/en/pages/deloitte-analytics/solutions/deloitte-analytics.html?icid=bottom_">AI & Analytics</a></li> <li><a href="/us/en/pages/consulting/solutions/cloud-consulting-services.html?icid=bottom_cloud-consulting-services">Cloud</a></li> </ul> </div> <div class="aem-GridColumn aem-GridColumn--default--3 aem-GridColumn--phone--12" id="footer__links-industries"> <h5>Industries</h5> <ul> <li><a href="/us/en/industries/consumer-industry.html?icid=bottom_consumer-industry">Consumer</a></li> <li><a href="/us/en/industries/energy-resources-industrials.html?icid=bottom_energy-resources-industrials">Energy, Resources & Industrials</a></li> <li><a href="/us/en/industries/financial-services.html?icid=bottom_financial-services">Financial Services</a></li> <li><a href="/us/en/industries/government-public-services.html?icid=bottom_government-public-services">Government & Public Services</a></li> <li><a href="/us/en/industries/life-sciences-and-health-care.html?icid=bottom_life-sciences-and-health-care">Life Sciences & Health Care</a></li> <li><a href="/us/en/industries/technology-media-and-telecommunications.html?icid=bottom_technology-media-and-telecommunications">Technology, Media & Telecommunications</a></li> </ul> </div> <div class="aem-GridColumn aem-GridColumn--default--2 aem-GridColumn--phone--12"> <h5>Careers</h5> <ul> <li><a href="/us/en/careers/careers.html?icid=bottom_careers">Careers</a></li> <li><a href="/us/en/careers/students.html?icid=bottom_students">Students</a></li> <li><a href="/us/en/careers/experienced-hires.html?icid=bottom_experienced-hires">Experienced Professionals</a></li> <li><a href="https://apply.deloitte.com/?icid=bottom_">Job Search</a></li> <li><a href="/us/en/careers/life-at-deloitte.html?icid=bottom_life-at-deloitte">Life at Deloitte</a></li> <li><a href="/us/en/careers/alumni.html?icid=bottom_alumni">Alumni Relations</a></li> </ul> </div> </div>  <div class="cmp-footer__links-legal cmp-container-width aem-GridColumn aem-GridColumn--default--12 aem-GridColumn--phone--12" id="footer__links-legal"> <ul> <li><a href="/us/en/footerlinks1/about-deloitte.html?icid=bottom_about-deloitte">About Deloitte</a></li> <li><a href="/us/en/footerlinks1/terms-of-use.html?icid=bottom_terms-of-use">Terms of Use</a></li> <li><a href="/us/en/footerlinks1/privacy-index.html?icid=bottom_privacy-index">Privacy</a></li> <li><a href="/us/en/footerlinks1/data-privacy-framework.html?icid=bottom_data-privacy-framework">Data Privacy Framework</a></li> <li><a href="https://cookienotice.deloitte.com/?icid=bottom_">Cookies</a></li> <li><a href="https://www2.deloitte.com/us/en?icid=bottom_">Cookie Settings</a></li> <li><a href="/us/en/footerlinks1/join-deloitte-legal-information-for-job-seekers.html?icid=bottom_join-deloitte-legal-information-for-job-seekers">Legal Information for Job Seekers</a></li> <li><a href="/us/en/footerlinks1/labor-condition-applications.html?icid=bottom_labor-condition-applications">Labor Condition Applications</a></li> <li><a href="/us/en/footerlinks1/do-not-sell-my-personal-information.html?icid=bottom_do-not-sell-my-personal-information">Do Not Sell or Share My Personal Information</a></li> </ul> </div>  </div>   <div class="cmp-footer__copy-rights cmp-container-width aem-Grid aem-Grid--12"> <div class="aem-GridColumn aem-GridColumn--default--10 aem-GridColumn--phone--12"> <div class="cmp-footer__disclaimer" id="footer__disclaimer"> <p><p>© 2025. See <a href="/us/en/legal/terms-of-use.html">Terms of Use</a> for more information.</p> <p>Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see <a href="/us/en/pages/about-deloitte/articles/about-deloitte.html">www.deloitte.com/about</a> to learn more about our global network of member firms.</p> </p> </div> </div> <div class="aem-GridColumn aem-GridColumn--default--2 aem-GridColumn--phone--12"> <div id="footer__sponsor-logo" class="cmp-footer__sponsor-logo"> </div> </div> </div>  </footer> <div class="site-selector"> <div class="site-selector__container visibility-hidden" id="site-options" tabindex="-1" role="dialog"> <div role="search"> <input type="text" size="10" class="gsc-input" name="qr" title="search" id="siteSearch" enableOrderBy="true" spellcheck="false" placeholder="Type location" autocomplete="off"/> <span class="icon-search search-option"></span> </div> <div class="site-selector__container__list" id="site-selector"> <ul class="channel-site"></ul> </div> <div class="site-selector__container__site-info"></div> </div> </div> <div class="modal-backdrop fade in visibility-hidden"></div> </div> </div> </div> <noscript> <div style="background: #fbfbfb; color: red; border: 1px solid #DCDCDC; width: 95%; margin: 20px auto; padding: 20px; text-align: center; font-size: 16px; font-weight: 300; font-family: 'Open Sans', sans-serif;"> Please enable JavaScript to view the site. </div> </noscript> <script> var custom_data_1 = ''; var custom_data_2 = ''; var memberFirmAccountID = ''; var searchAllSitesAccountID = ''; if(custom_data_1.length > 0){ custom_data_1 =sc_country + ';' + sc_language +'_'+ (custom_data_1.toLowerCase()).replace(/ /g,"_"); } if(custom_data_2.length > 0){ custom_data_2 =sc_country + ';' + sc_language +'_'+ (custom_data_2.toLowerCase()).replace(/ /g,"_"); } function getCookie(name) { var dc = document.cookie; var prefix = name + "="; var begin = dc.indexOf("; " + prefix); if (begin == -1) { begin = dc.indexOf(prefix); if (begin != 0) return null; } else { begin += 2; var end = document.cookie.indexOf(";", begin); if (end == -1) { end = dc.length; } } return unescape(dc.substring(begin + prefix.length, end)); } var promoIds_attributes=''; var tagNames_attributes=''; var promoIds_disc_more=''; var tagNames_disc_more=''; var promoIds_next_steps=''; var promoIds_trending=''; </script> <div id="gigya-container" style="display: none;"> </div> <div class="cloudservice generictracker"> <script type="text/javascript"> //Start - Google Tag Manager </script> </div> </div> <script> (function(w, d, s, l, i) { w[l] = w[l] || []; w[l].push({ 'gtm.start': new Date().getTime(), event: 'gtm.js' }); var f = d.getElementsByTagName(s)[0], j = d.createElement(s), dl = l != 'dataLayer' ? '&l=' + l : ''; j.async = true; j.src = '//www.googletagmanager.com/gtm.js?id=' + i + dl; f.parentNode.insertBefore(j, f); })(window, document, 'script', 'psDelDataLayer', 'GTM-MM36PB'); </script> <div class="servicecomponents cloudservices"> <div class="cloudservice generictracker"> <script> //End - Google Tag Manager //start CRG Profiles S&P results page $(function() { var loc = window.location.href; if (/footerlinks\/crg\-profiles/.test(loc)) { $(".primary-headline").text("Deloitte CRG Profiles"); $(".page-intro-copy").hide(); $(".release-date").hide(); $(".body-copy").hide(); } }); //end CRG Profiles S&P results page //start Ambassador Program S&P results page $(function() { var loc = window.location.href; if (/footerlinks\/recentlypublished/.test(loc)) { $(".primary-headline").text("Recently published"); } }); //end Ambassador Program S&P results page </script> <script> // cookie setting in footer begins // added by Jose Porras on legal request - 02.18.2022 document.addEventListener('DOMContentLoaded', function(){ //adds 'Cookie Setting' link to footer for US site only var cLink = document.querySelectorAll('#footer__links-legal ul li a')[4]; if (window.location.href.indexOf("/us") > -1) { var cookieSettingLink = document.querySelectorAll('#footer__links-legal ul li a')[5]; cLink.setAttribute('href','https://cookienotice.deloitte.com'); cLink.setAttribute('target', '_blank'); cookieSettingLink.removeAttribute('href'); cookieSettingLink.style.cursor = 'pointer'; cookieSettingLink.classList.add('optanon-show-settings'); } }); // cookie setting in footer ends </script><script> </script> </div> <div class="wrapper"></div> <script> $(document.body).on("pageReady",function(event, y, z){ console.log(event.type); }); //Finally, register a Page Load callback and call the execute method on JQuery Page Load event. $(function() { if(window.location.href.indexOf('/careers/') > 0) { $('.submit-rfp').remove(); } }); </script> <div hidden><span id="aria-newtab">Opens_in_a_new_window</span></div> <script> //Finally, register a Page Load callback and call the execute method on JQuery Page Load event. $(function() { var executeDeferred = pageLoadFramework.executePageLoadEvents(); //The execute method returns a deferred. So, if something needs to wait for it, this is how you do it. executeDeferred.done(function(){ }); }); </script> </div> <script src="/etc.clientlibs/shared/clientlibs/clientlib-site.lc-3127e8453c7a3a6888bcdb709ac4778f-lc.min.js"></script> <div class="cloudservice generictracker configpage"> </div> <script type='text/javascript'> var socialmediaKey = ''; var mydeloitteAPIKey='3_HV0IcvFjhy6GgPyQ7w3qEmNrAPxgl1dpOyt9qQ2ScGN4BClLORqK1R3ArbWkBW4v'; var mydeloitteUserloginenable='on'; var ccURLValue = ''; var shareEnabled = 'on'; var loginEnabled = ''; var SOCIAL_SHARE_LINK = 'https://www2.deloitte.com/.html'; var SOCIAL_SHARE_TITLE = ''; var isSiteCatalystConfig = 'false'; var my_account_url ='/content/www/us/en/services/mergers-and-acquisitions.html'; my_account_url = my_account_url.toLowerCase(); var view_profile_url = '/us/en/profile'; view_profile_url = view_profile_url.toLowerCase(); var SOCIAL_CURRENT_LOCALE = 'en_US'; var pageHashValue = 'f060d420'; var pageTitle = 'Mergers and Acquisitions | Deloitte US'; var tempName = 'branded-landing-page'; var REMEMBER_ME = 'REMEMBER_ME'; var pageType = ''; var countryName = 'us'; var languageName = 'en'; var SOCIAL_LANG = 'en'; var SOCIAL_REGISTER_TEXT = 'SOCIAL_REGISTER_TEXT'; var SOCIAL_LOGOUT_TEXT = 'SOCIAL_LOGOUT_TEXT'; var SOCIAL_SHARE_LINK = 'SOCIAL_SHARE_LINK'; var SOCIAL_SHARE_TITLE = 'SOCIAL_SHARE_TITLE'; var SOCIAL_LOGIN_MESSAGE = 'SOCIAL_LOGIN_MESSAGE'; var SOCIAL_LOGIN_ALTERNATE = 'SOCIAL_LOGIN_ALTERNATE'; var SOCIAL_LOGIN_LABEL = 'SOCIAL_LOGIN'; var SOCIAL_FORGOT_PASSWORD = 'SOCIAL_FORGOT_PASSWORD'; var SOCIAL_DONT_HAVE_ACCOUNT = 'SOCIAL_DONT_HAVE_ACCOUNT'; var SOCIAL_CLICK_HERE = 'SOCIAL_CLICK_HERE'; var SOCIAL_SUBMIT = 'SOCIAL_SUBMIT'; var SOCIAL_AUTHENTICATE_YOUR_ACCOUNT = 'SOCIAl_AUTHENTICATE_YOUR_ACCOUNT'; var SOCIAL_MANDATORY_PASSWORD = 'SOCIAL_MANDATORY_PASSWORD'; var SOCIAL_EMAIL = 'SOCIAL_EMAIL'; var SOCIAL_REGISTRATION_FIRST_NAME = 'SOCIAL_REGISTRATION_FIRST_NAME'; var SOCIAL_REGISTRATION_LAST_NAME = 'SOCIAL_REGISTRATION_LAST_NAME'; var SOCIAL_REGISTRATION_PASSWORD = 'SOCIAL_REGISTRATION_PASSWORD'; var SOCIAL_REGISTRATION_REENTER_PASSWORD = 'SOCIAL_REGISTRATION_REENTER_PASSWORD'; var SOCIAL_REGISTRATION_AGREE_TOBE_CONTACTED = 'SOCIAL_REGISTRATION_AGREE_TOBE_CONTACTED'; var SOCIAL_REGISTRATION_TERMS_OF_USE = 'SOCIAL_REGISTRATION_TERMS_OF_USE'; var SOCIAL_ACCOUNT_EXISTS = 'SOCIAL_ACCOUNT_EXISTS'; var SOCIAL_REGISTRATION_THANKYOU = 'SOCIAL_REGISTRATION_THANKYOU'; var SOCIAL_REGISTRATION_CONFIRMATION_EMAIL = 'SOCIAL_REGISTRATION_CONFIRMATION_EMAIL'; var SOCIAL_PASSWORD_NEEDS_TO_CHANGE = 'SOCIAL_REGISTRATION_CONFIRMATION_EMAIL'; var SOCIAL_CURRENT_PASSWORD = 'SOCIAL_CURRENT_PASSWORD'; var SOCIAL_CHOOSE_NEW_PASSWORD = 'SOCIAL_CHOOSE_NEW_PASSWORD'; var SOCIAL_REENTER_NEW_PASSWORD = 'SOCIAL_REENTER_NEW_PASSWORD'; var SOCIAL_MY_ACCOUNT_TEXT = 'SOCIAL_MY_ACCOUNT_TEXT'; var SOCIAL_LOGIN_AGAIN = 'SOCIAL_LOGIN_AGAIN'; var SOCIAL_REGISTER_WITH_PREFERRED_NETWROK = 'SOCIAL_REGISTER_WITH_PREFERRED_NETWROK'; var SOCIAL_WHY_REGISTER_DELOITTE = 'SOCIAL_REGISTER_WITH_PREFERRED_NETWROK'; var SOCIAL_FILL_INFO_BELOW = 'SOCIAL_FILL_INFO_BELOW'; var SOCIAL_YES = 'SOCIAL_YES'; var SOCIAL_NO = 'SOCIAL_NO'; var SOCIAL_UNDERSTOOD = 'SOCIAL_UNDERSTOOD'; var SOCIAL_HAVE_AN_ACCOUNT_ALREADY = 'SOCIAL_HAVE_AN_ACCOUNT_ALREADY'; var SOCIAL_COMPLETE_REGISTRATION = 'SOCIAL_COMPLETE_REGISTRATION'; var SOCIAL_WE_STILL_NEED_DETAILS = 'SOCIAL_WE_STILL_NEED_DETAILS'; var SOCIAL_KEEP_ACCOUNT_SECURE = 'SOCIAL_KEEP_ACCOUNT_SECURE'; var SOCIAL_EMAIL_FOUND = 'SOCIAL_EMAIL_FOUND'; var SOCIAL_PROVIDE_PASSWORD_TO_LINK = 'SOCIAL_PROVIDE_PASSWORD_TO_LINK'; var SOCIAL_OR = 'SOCIAL_OR'; var SOCIAL_ENTER_TO_REST = 'SOCIAL_OR'; var SOCIAL_LOGIN_WITH_DIFFERENT_ACC = 'SOCIAL_LOGIN_WITH_DIFFERENT_ACC'; var SOCIAL_EMAIL_HASBEEN_SENT = 'SOCIAL_EMAIL_HASBEEN_SENT'; var SOCIAL_VERIFY_CHECK_EMAIL = 'SOCIAL_VERIFY_CHECK_EMAIL'; var SOCIAL_RESEND_VERIFICATION_EMAIL = 'SOCIAL_RESEND_VERIFICATION_EMAIL'; var SOCIAL_THANKYOU_FOR_REGISTERING = 'SOCIAL_THANKYOU_FOR_REGISTERING'; var SOCIAL_CONFIRMATION_EMAIL_SENT = 'SOCIAL_CONFIRMATION_EMAIL_SENT'; var SOCIAL_CREATE_ACCOUNT = 'SOCIAL_CREATE_ACCOUNT'; var mfLoginProviders = ''; var mfShareProviders = 'LinkedIn,Twitter,Facebook,Pinterest,Email'; </script> <script src="/etc/designs/dcom/dcom-personalization-libs.lc-7e2ec3fde98831f2ae935c57884bc81d-lc.min.js"></script> <link rel="stylesheet" href="/etc.clientlibs/shared/clientlibs/clientlib-site/components/legacy/gigya-login-screen/clientlibs.lc-7ad1e71336ac9d1d5fb61411748874e3-lc.min.css" type="text/css"> </body> </html>

CINXE.COM

Mergers and Acquisitions | Deloitte US