Acquiring Company
K-Solv Group
Acquired Company
Turnkey Industries
Description
The K-Solv Group announces the acquisition of Turnkey Industries (Turnkey), a leading designer and manufacturer of custom truck bodies, trailers, transporters, and mobile command units. Based in Magnolia, Texas, Turnkey Industries provides innovative, state-of-the-art solutions to the energy, oil & gas, and racing & motorsports industries, as well as government entities for over 30 years.
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