Endurant Energy Acquires Specialist Ground Source Heat Pump System Designers Geoptimize
Dec 07, 2022•over 2 years ago
Acquiring Company
Endurant Energy
Acquired Company
Specialist Ground Source Heat Pump System Designers
SolarRenewable EnergyEnergy
Description
Distributed energy resource (DER) developer Endurant Energy (Endurant) today announced the completed acquisition of specialist geothermal heating and cooling and ground source heat pump (GSHP) design company, GEOptimize, Inc.
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