Andronaco Industries acquires Diamond Fiberglass Systems and Services to expand its total systems approach in flow control and fluid management
Jun 28, 2024•about 1 year ago
Acquiring Company
Andronaco Industries
Acquired Company
Diamond Fiberglass Systems and Services
Description
Andronaco Industries, a leading provider of corrosion-resistant flow control solutions, has completed the acquisition of Diamond Fiberglass Systems and Services. This acquisition further enhances Andronaco's technical capabilities and diverse portfolio, enabling end-to-end solutions in challenging corrosive environments. The business will be rebranded as Diamond Fiberglass Systems and Services, an Andronaco Industries Company, offering innovative technology in corrosion-resistant vessel and tank fabrication and high-quality field services.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed