ISS acquires Electric Motor Technologies, LLC to enhance service offerings in southern Ohio
May 09, 2024•over 1 year ago
Acquiring Company
Industrial Service Solutions
Acquired Company
Electric Motor Technologies (EMT)
Description
Industrial Service Solutions (ISS) has acquired full ownership of Electric Motor Technologies, LLC (EMT), an electromechanical service provider supporting industrial and commercial operations throughout southern Ohio. This acquisition will enhance ISS service offerings in the region, making its full range of rotating equipment, process equipment, and inspection services available to EMT's clients. Current EMT leadership, employees, and the company's three Cincinnati, Ohio facilities will continue operations under the May 1, 2024 agreement.
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