High Street Insurance Partners Successfully Acquires Maritime Insurance International
Jan 12, 2022•over 3 years ago
Acquiring Company
Winder Insurance Center
Acquired Company
Winder Insurance Center
Description
High Street Insurance Partners ("HSIP") announced its December acquisition of Maritime Insurance International, one of the largest marine-specific agencies in the United States.
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