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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.

Company Information

Company

Priestly Demolition

About

Over the past 25 years PDI has learned the importance of providing cost-effective solutions that are safe, efficient, and above all else, completed with respect for the community and the environment. They have a clear understanding of how demo work impacts the local ecosystem and the people living in the area. Priestly has not only survived, but thrived from the challenges of working in a rapidly evolving and fast-paced industry. This is because they understand the life cycle of structures and design unique solutions for each project, ensuring the job is completed on-time and on-budget. As a result, PDI continues to be a leading demolition contractor in North America. http://www.priestly.ca

M&A Insights

Based on deal data
Integration 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