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Steel River Acquires WHECO, Broadening Reach and Capabilities to Build Comprehensive Lifting Platform

Feb 06, 2024•over 1 year ago

Acquiring Company

Steel River

Acquired Company

WHECO

Los AngelesGlobal Provider Intl Health CenterConstruction

Description

Steel River, a catalyst for the next generation of industrial services, has acquired WHECO, a global provider of crane and heavy-equipment repair, restoration, and inspection. This acquisition significantly expands Steel River's capabilities, bringing expansive new facilities and additional technical expertise on board. The acquisition is a major step toward Steel River's goal of building a national comprehensive lifting equipment solutions platform.

Company Information

Company

Steel River

Location

Los Angeles, California, United States

About

Steel River is a catalyst for the next generation of industrial services, committed to preserving legacy, driving innovation, and positive change in the industries and communities it serves. With a focus on providing a world-class home for skilled workers, Steel River stands on the shoulder of giants to grow the businesses that protect America's infrastructure.

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