Acquiring Company
Envoy Solutions
Acquired Company
Paper & Supply
Description
Envoy Solutions announced today that it has acquired Scranton, Pa.-based Pennsylvania Paper & Supply Company (Penn Paper). While its iconic building is most famous for its appearance in the opening credits of "The Office," the 100-year-old Penn Paper, is well known in the industry as a full-service, specialized distributor of facilities supplies, jan-san equipment and supplies, and industrial packaging solutions. The acquisition helps further expand Envoy Solutions' footprint in the Pennsylvania, New York, and New Jersey markets.
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