EnTrust Global’s Blue Ocean Strategy completes acquisition of Offshore Merchant Partners
Apr 29, 2024•about 1 year ago
Acquiring Company
EnTrust Global
Acquired Company
OMP Capital AS
Description
EnTrust Global, through its Blue Ocean strategy, has finalized the acquisition of Offshore Merchant Partners (OMP) from HitecVision. This acquisition marks an expansion of EnTrust Global’s presence in the maritime and energy industries, providing OMP's team with access to capital for future transactions.
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