Acquiring Company
CMP Pumping
Acquired Company
Febcon Concrete Pumping
Description
Concrete & Materials Placement ("CMP" or "CMP Pumping"), a concrete pumping company serving the Carolinas, announced the strategic acquisition of Febcon Concrete Pumping, a Michigan-based concrete pumping company today, August 30, 2021. As an industry leader in concrete pumping, this step further expands CMP's footprint across the Southeast.
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