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MEI Rigging & Crating, LLC completes acquisition of Coast Rigging and Machinery Moving to strengthen operations in North Carolina and the Southeast

Oct 09, 20249 months ago

Acquiring Company

MEI Rigging & Crating

Acquired Company

Coast Rigging and Machinery Moving

CharlotteMobile

Description

MEI Rigging & Crating, LLC, a leading national provider of rigging, machinery moving, and industrial services, has announced the acquisition of Coast Rigging and Machinery Moving. This strategic acquisition aims to further enhance MEI's footprint in the Carolinas and explore new opportunities for growth.

Company Information

Company

MEI Rigging & Crating

About

MEI Rigging & Crating, a portfolio company of Dorilton Capital, is one of the largest providers of rigging, machinery moving, millwrighting, mechanical installation, industrial storage, crating, and export packing services in the nation. MEI has a growing team of over 500 employees in eleven operating locations across eight states — California, Texas, Oregon, Nevada, Utah, Arizona, Georgia, and Pennsylvania. With MEI's comprehensive footprint and expansive portfolio, we are able to serve customers with project-specific needs across the country. For more information, visit MEI's website at www.meiriggingcrating.com or Reno's website at www.renocustomcrating.com.

M&A Insights

Based on deal data
Integration 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