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American Energy Completes The Acquisition Of Apex Energy Service, Llc

Jan 03, 2022over 3 years ago

Acquiring Company

American Energy

Acquired Company

Apex Energy Service

Description

via NewMediaWire -- American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, is pleased to announce the completion of the previously announced energy services company acquisition (“Acquisition”) of Apex Energy Service, LLC, a Pennsylvania limited liability company located in Canonsburg, Pennsylvania, (“Apex”) effective January 1, 2022. Total consideration for the Acquisition was funded through a combination of cash, conventional debt, and common stock. American Energy is to pay potential contingent consideration based on the achievement of specific EBITDA growth targets of the Company over the next three years.

Company Information

Company

American Energy

About

MidAmerican Energy safely meets the energy needs of nearly 1.6 million customers in Iowa, Illinois, Nebraska and South Dakota.

M&A Insights

Based on deal data
Integration 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