Acquiring Company
Procyon
Acquired Company
Wooster Corthell Wealth Management
SheltonGlastonburyFinancial ServicesFinanceConsultingDescription
Procyon has announced its acquisition of Wooster Corthell Wealth Management, enhancing its northeastern presence and increasing total assets under management to about $8 billion. The acquisition will allow Procyon to leverage Wooster Corthell's expertise in multi-generational wealth planning. The merger integrates Wooster Corthell's team into Procyon's growing organization.
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