HW Staffing Solutions acquires Top Prospect Group, launches new website and practice areas
Apr 04, 2024•over 1 year ago
Acquiring Company
HW Staffing Solutions
Acquired Company
Top Prospect Group
Description
HW Staffing Solutions, a leading commercial staffing agency, has announced the acquisition of Top Prospect Group, a professional services and Information Technology staffing firm. This acquisition allows HW Staffing Solutions to expand its offerings to clients and candidates, providing more comprehensive staffing services. Moreover, the newly acquired division has launched a new website and expanded into additional practice areas such as Accounting, Tax & Finance, HR & Operations, Engineering, and Executive Search.
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