Paramount Pallet Acquires Ips Industrie De Palettes Standard (I.P.S.) Inc.

Feb 03, 2022•almost 4 years ago

Acquiring Company

ABOUT Paramount Pallet

Acquired Company

ABOUT Industrie de Palettes Standard (I.P.S.)

PlatformsMobileSoftware

Description

Paramount Pallet, a 48forty Solutions Company and a leading national provider of recycled pallets and services, today announced that it has acquired Industrie de Palettes Standard (I.P.S.) inc. This is the first acquisition Paramount has completed. The terms of the transaction were not disclosed.

Company Information

Company

ABOUT Paramount Pallet

About

Paramount Pallet is the largest full-service pallet solutions company in Canada, with a national network of six company-owned and operated facilities, 200 employees, and more than 40 years in business. We provide pallet services to hundreds of customers across various industries throughout Canada and the United States.

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

Paramount Pallet Acquires Ips Industrie De Palettes Standard (I.P.S.) Inc.

Description

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M&A Insights

Company Information