M & As - Small versus Networking Organizations

As having experience in both big and small organizations; I always found specialization to be much higher in big ones whereas small ones incentivizing more of innovation. I believe this is one reason why we don't see
many M & As anymore. In addition to small organizations we have networking organizations mainly made of freelancers of different areas based in sub - office letting of same location is a cost effective way of doing business.

Maybe private equity is going to carry on this trend as a way to minimize costs.