Acquiring Company
Platte River Equity
Acquired Company
Chemtech-Ford Laboratories
Description
Platte River Equity has announced the acquisition of Chemtech-Ford Laboratories, emphasizing its focus on environmental consulting and testing. Chemtech, based in Sandy, UT, provides crucial analytical services with a reputation for quality. This acquisition aligns with Platte River's strategy to build a portfolio in essential public health testing sectors. The move will enhance Chemtech’s capabilities and expand its customer base.
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