Independence Pet Group Completes Acquisition Of Pet Insurance Operations Of Fairfax Financial
Oct 31, 2022•almost 3 years ago
Acquiring Company
Independence Pet Group
Acquired Company
Pet Insurance Operations
Description
Independence Pet Group (“IPG”), a leading full-stack pet insurance platform, today announced the completion of its acquisition of Fairfax Financial Holdings Limited’s U.S. and Canadian interests in the Crum & Forster Pet Insurance Group (“C&F Pet”) and Pethealth Inc.
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