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Servicetrade Acquires Northboundary

Nov 10, 2022•almost 3 years ago

Acquiring Company

ServiceTrade

Acquired Company

NorthBoundary

DurhamSaasSoftware

Description

Ahead of next week's Digital Wrap Conference, ServiceTrade, a leader in purpose-built software for commercial contractors, (www.servicetrade.com) today announced the acquisition of NorthBoundary, a pioneer in sales solutions for commercial mechanical contractors.

Company Information

Company

ServiceTrade

Location

Durham, North Carolina, United States

About

ServiceTrade is the software platform that helps commercial HVAC, mechanical, and fire contractors grow their profits. During a persistent skilled labor shortage, contractors use ServiceTrade to control the costly chaos of on-demand work and effectively deliver contract commitments. ServiceTrade streamlines service and project operations to reduce administrative costs, optimizes field performance to increase revenue per technician, and boosts sales and client retention to grow margins. Over 1,300 commercial contractors trust ServiceTrade’s 11+ years of experience to help them manage over 13 million assets and invoice over $7.5 billion in revenue annually.

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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