The document discusses 3 reasons to partner with other businesses rather than merging or acquiring: 1) Partnering allows each business to focus on what they do best while reducing risk and increasing flexibility. 2) Partnering delivers a quicker return on investment for all parties. 3) Partnering can be used to "try before you buy" another business. Gibbs & Partners helps identify compatible businesses and facilitates partnerships to create "Ace Pilots working in harmony."