Hart Energy Media Acquires Gotham Image Works, Adds Capabilities In Video And Digital Media

Apr 01, 2022•over 3 years ago

Acquiring Company

Hart Energy

Acquired Company

Gotham Image Works

HoustonSoftware DevelopmentVideoOtherMedia And Entertainment

Description

As part of its strategy to provide more comprehensive and robust content to serve the rapidly-changing energy industry, Hart Energy Media announces its acquisition of Houston-based Gotham Image Works, a leading video production and corporate event company. This acquisition is closely aligned with the April 8 launch of the Company's new HartEnergy.com website that will prominently feature video content on its homepage.

Company Information

Company

Hart Energy

Location

1616 VOSS, SUITE 1000

Houston, Texas, United States

About

Since 1973, Hart Energy has been the global energy industry's comprehensive and omni-channel source for news, data, and analysis. At Hart Energy, our mission is to create, aggregate, organize and analyze timely and targeted information across platforms in ways that business professionals and investors can trust for making energy-related decisions.

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

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