Unifi Aviation strengthens position as the leading aviation services provider in the U.S. with acquisition of Prospect Airport Services
Apr 15, 2024•over 1 year ago
Acquiring Company
Unifi Aviation
Acquired Company
Prospect Airport Services
Description
Unifi Aviation, LLC has consolidated its position as the top aviation service company in the United States with the strategic acquisition of Prospect Airport Services. This acquisition further expands Unifi's presence and capabilities, making it the largest provider of airport wheelchair services in the U.S. with revenues exceeding $1.7 billion.
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