Acquiring Company
Solaris Energy Infrastructure
Acquired Company
Mobile Energy Rentals
Description
On July 9, 2024, Solaris Energy Infrastructure, Inc. announced its agreement to acquire Mobile Energy Rentals LLC. The acquisition was completed on September 11, 2024. The lawsuit claims that Solaris failed to disclose critical information regarding MER's background and prospects. Allegations include misleading statements about the financial viability of the acquisition.
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