1-800 Hansons acquires Paramount Builders, LLC to expand its residential repair and renovation services
May 15, 2024•over 1 year ago
Acquiring Company
1-800 Hansons
Acquired Company
Paramount Builders
Description
Leading middle-market private equity firm Huron Capital announced that its portfolio company, 1-800 Hansons, has acquired Paramount Builders, LLC. This acquisition accelerates Hansons’s strategy to become one of the fastest growing residential repair and renovation platforms within the United States, expanding the platform’s presence into two highly attractive geographies. The combined Hansons platform will operate 23 branches across 14 states within the Midwest, Mountain West, Mid-Atlantic, and Southeast regions.
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