Westman Communications Group completes acquisition of RioNet to expand rural internet services
May 16, 2024•over 1 year ago
Acquiring Company
Westman Communications Group
Acquired Company
RioNet
BrandonDauphinWirelessHardwareInternetInternetDescription
Westman Communications Group has acquired RioNet to further its goal of expanding fiber and wireless networks across the Parkland region. This acquisition will allow for a greater expansion of internet services and connectivity in rural areas and is aligned with Westman's commitment to advancing these services for the community.
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