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Conco Services Announces Acquisition Of Blue Wolf Performance Solutions

Jun 07, 2023•over 2 years ago

Acquiring Company

Conco Services

Acquired Company

Blue Wolf Performance Solutions

Food And Beverage

Description

Conco Services LLC ("Conco"), a Rising Point Capital portfolio company, has announced today the acquisition of Blue Wolf Performance Solutions ("Blue Wolf") and its subsidiaries from Dorilton Capital Management. Blue Wolf subsidiaries include Aqua Drill International, Hennigan Engineering, National Heat Exchange, Reliable Industrial Group and Hydrocarbon Filtration. Conco will integrate all Blue Wolf subsidiaries into one company that will trade as Conco Services, utilizing the legacy BWPS subsidiary names as branded services. The transaction closed on May 26, 2023.

Company Information

Company

Conco Services

About

Conco Services LLC is a specialty cleaning and testing service company focusing on condenser and heat exchanger tube cleaning, nondestructive testing, leak detection, and tube plugging services in an environmentally friendly way. Conco's methods are safer, faster, cleaner, and greener than many alternative cleaning options due to patented, chemical-free, low-pressure tube cleaning technology that will enhance the sustainability score of our customers industrial facilities. For more information, please visit www.conco.net.

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