Allied Industrial Partners-Backed Ces Power Acquires Global Power Systems
Jan 03, 2023•over 2 years ago
Acquired Company
Global Power Systems
Description
CES Power LLC ("CES Power"), a leading global provider of mobile power generation, distribution and temperature control equipment backed by industrial-focused private equity firm Allied Industrial Partners ("AIP"), today announced that it has acquired Global Power Systems ("GPS"), a provider of power generation and temperature control services in Louisiana, Georgia and North Carolina. Terms of the transaction were not disclosed.
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