Acquiring Company
HNRC
Acquired Company
Cunningham Energy, LLC.
Description
Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company") announced today that it has completed the acquisition interest in Cunningham Energy, LLC effective September 19, 2022.
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