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First Onsite Property Restoration Acquires New Jersey-Based Insurance

Sep 09, 2021•about 4 years ago

Acquiring Company

First Onsite

Acquired Company

Insurance

Description

First Onsite Property Restoration (First Onsite), one of North America’s largest disaster recovery and restoration providers for commercial enterprises, has acquired Insurance Restoration Specialists (IRS), a New Jersey-based disaster recovery and environmental solutions provider.

Company Information

Company

First Onsite

About

First Onsite is one of the largest and fastest-growing emergency response planning, mitigation and reconstruction service providers for commercial enterprises in North America. First Onsite employs over 2,300 team members and operates from more than 90+ locations across the U.S., Canada and Puerto Rico. With a culture focused on harnessing the human power of its team members and a commitment to doing what’s right, the First Onsite team helps clients restore, rebuild and rise. First Onsite is a subsidiary of FirstService Corporation. For more information, go to firstonsite.com or follow @firstonsite on Twitter and LinkedIn.

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