Blue Ridge Construction Capital Acquires Artistic Paver Manufacturing, Inc.
Nov 09, 2022•over 2 years ago
Acquiring Company
Blue Ridge Construction Capital
Acquired Company
Artistic Paver Manufacturing
Building MaintenanceConstruction
Description
Blue Ridge Construction Capital LLC ("BRCC"), in partnership with incoming CEO Matthew Wayman and founder Dan Essig, is pleased to announce the acquisition of Artistic Paver Manufacturing, Inc. ("Artistic").
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