ServicePoint completes acquisition of High Wire's Technology Services Division
Jun 27, 2024•about 1 year ago
Acquiring Company
ServicePoint
Acquired Company
High Wire Networks
Description
ServicePoint has successfully completed the carve-out acquisition of High Wire's Technology Services Division, marking a strategic move to enhance its technological capabilities and expand its market presence.
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