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George & Lynch Inc. acquires Harry Caswell LLC to expand its contracting business

Sep 20, 2024•11 months ago

Acquiring Company

George & Lynch

Acquired Company

Harry Caswell

DoverDelawareBuilding MaintenanceConstruction

Description

George & Lynch Inc., a seasoned general contracting business based in Dover, announced its acquisition of Harry Caswell LLC, a leading plumbing, mechanical, and utility contracting business. This acquisition is expected to lead to the growth of George & Lynch Inc.'s century-old company and ensure job retention for the employees of Harry Caswell LLC. The acquisition is a strategic move to carry on the legacy of Harry Caswell LLC and provide continuity of service to its customers.

Company Information

Company

George & Lynch

Location

Dover, Delaware, United States

About

George & Lynch Inc. is a seasoned general contracting business based in Dover, Delaware. Founded in 1923, it became an employee-owned company in 2021 and has a strong presence in Delaware, with facilities in Milton and Gumboro, as well as partnerships in three asphalt plants located in Dover, Dagsboro, and Delmar. The company currently has 200 employees.

M&A Insights

Based on deal data
Integration 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