Priestly Demolition Inc. Completes Majority Acquisition Of Jones Group Ltd.
Apr 04, 2022•over 3 years ago
Acquiring Company
Priestly Demolition
Acquired Company
Jones Group
Building MaintenanceConstructionInternet ServicesOtherHealth Care
Description
Priestly Demolition inc., (PDI) is a Canadian leader in the demolition industry, and has been recognized as such with multiple awards including; Five World Demolition Awards, and the coveted World Demolition Company of the Year Award.
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