Bowen, Miclette & Britt Insurance Agency, LLC completes acquisition of M Surety Services, strengthening position in surety bond market
Oct 04, 2024•9 months ago
Acquiring Company
Bowen Miclette & Britt Insurance Agency
Acquired Company
M Surety Services
Description
Bowen, Miclette & Britt Insurance Agency, LLC (BMB) has finalized the acquisition of M Surety Services, a recognized leader in contract surety bonds. The acquisition further enhances BMB's position in the surety bond market and brings together the strengths of both organizations to deliver enhanced resources and expanded service offerings to clients.
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