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  • Eli Anderson thinks this is interesting:

Alliances are more concentrated in a few industries than M&As. For instance, in 2008, 42.94 percent of the deals occurred in the business services, wholesale, and trading industries, although these industries only accounted for 17.57 percent of total market capitalization of U.S. exchange-listed firms.

Note

Quote indicates services industry, such as ours, is a prime candidate for alliances / JVs