MEI Rigging & Crating, LLC completes acquisition of Coast Rigging and Machinery Moving to strengthen operations in North Carolina and the Southeast
Oct 09, 2024•9 months ago
Acquiring Company
MEI Rigging & Crating
Acquired Company
Coast Rigging and Machinery Moving
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.
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