Kingsway Announces Formation Of Vertical Market Solutions, Llc ("Vms") And Acquisition Of Systems Products International, Inc. / Kingsway Search Xclerator Announces Addition Of Miles Mamon
Sep 11, 2023•almost 2 years ago
Acquiring Company
KINGSWAY
Acquired Company
SYSTEMS PRODUCTS INTERNATIONALINC
Description
(NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway") today announced the formation of Vertical Market Solutions, LLC ("VMS") and the acquisition of the privately-held vertical market software company Systems Products International, Inc. ("SPI"). This acquisition is the fourth acquisition completed under the Kingsway Search Xcelerator Program. Operator-in-Residence ("OIR") Drew Richard will be transitioning into the day-to-day operating role as CEO of SPI following the transaction.
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