Acquiring Company
Senior Market Sales® (SMS)
Acquired Company
MIC Insurance Services
Description
Senior Market Sales® (SMS) has acquired MIC Insurance Services to accelerate growth in the health insurance sector. This acquisition aligns with SMS' strategy of integrating like-minded businesses to enhance its distribution network. MIC's strong dedication to customer service positions it well for future growth under SMS' leadership.
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