Southeast Mechanical expands into Florida with the acquisition of Climate Design Home Services
Jun 03, 2024•over 1 year ago
Acquiring Company
Southeast Mechanical
Acquired Company
Climate Design Home Services
Description
Southeast Mechanical, headquartered in Winston-Salem, North Carolina, has announced the acquisition of Clearwater, FL-based Climate Design Home Services. This partnership marks Southeast Mechanical's first expansion into Florida, reinforcing their position as a market leader in HVAC and home services throughout the Southeast.
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