Comvest Partners’ Portfolio Company Gai Consultants Acquires Eland Engineering
Jun 22, 2023•about 2 years ago
Acquiring Company
GAI Consultants
Acquired Company
Eland Engineering
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.
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