Alcrete Industries, Llc Completes Acquisition Of Cape Fear Precast, Llc
Mar 10, 2023•over 2 years ago
Acquiring Company
Alcrete Industries
Acquired Company
Cape Fear Precast
Building MaterialConstructionManufacturing
Description
Alcrete Industries LLC, a leading provider of high-quality precast concrete products, announced today that it has acquired Cape Fear Precast, LLC. This strategic move, which includes Cape Fear's NPCA (National Precast Concrete Association) Certified Plant and its 20-acre manufacturing site, will allow Alcrete to expand its reach and serve a significantly larger geography.
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