Olympia Financial Group Inc. Announces Closing Of Previously Announced Acquisition Of Investment Accounts From Community Trust Company
Aug 24, 2021•about 4 years ago
Acquiring Company
Olympia Financial Group
Acquired Company
Investment Accounts
Description
Olympia Financial Group Inc. ("Olympia") (TSX:OLY) is pleased to announce that, further to its previous announcement on August 3, 2021, Olympia Trust Company (“Olympia Trust”) has closed the acquisition of substantially all of the self-directed registered plan accounts currently administered by Community Trust Company.
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