Northpoint Roofing Systems Announces The Acquisition Of Cardinal Roofing And Restoration
Jun 13, 2023•about 2 years ago
Acquiring Company
Northpoint Roofing Systems
Acquired Company
Northpoint Roofing Systems
SolarConstructionBuilding MaintenanceSolarConstructionBuilding Maintenance
Description
Northpoint Roofing Systems ("Northpoint" or "Company"), a Halmos Capital Partners and NewSpring portfolio company, is pleased to announce the acquisition of Cardinal Roofing and Restoration ("Cardinal Roofing").
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