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Comvest Partners’ Portfolio Company Gai Consultants Acquires Eland Engineering

Jun 22, 2023about 2 years ago

Acquiring Company

GAI Consultants

Acquired Company

Eland Engineering

HomesteadGovernmentEnergyConsulting

Description

Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that its private equity platform investment GAI Consultants, Inc. (“GAI”), a preeminent planning, engineering, and environmental consulting firm with locations throughout the United States, has acquired Eland Engineering, LLC (“Eland”, or the “Company”), a Fort Lauderdale-based regional provider of engineering consulting and field maintenance services for Intelligent Transportation Systems (ITS) and traffic signal systems. With the transaction, Eland becomes a division of GAI.

Company Information

Company

GAI Consultants

Location

Homestead, Pennsylvania, United States

About

Transforming ideas into reality® since 1958, GAI Consultants delivers award-winning engineering, planning, and environmental expertise to energy, transportation, development, government, and industrial clients. GAI’s accomplished specialists are dedicated to earning clients’ trust—they approach every initiative with enthusiasm and integrity, delivering multifaceted services to meet the greatest challenges.

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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