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SRM completes acquisition of Kenneth J. Sole & Associates to expand technology and implementation expertise

Jul 11, 2024•over 1 year ago

Acquiring Company

SRM

Acquired Company

SRM

MemphisMemphisFinancial ServicesFinancial Services

Description

SRM, an independent advisory firm serving financial institutions, has acquired Kenneth J. Sole & Associates, a trusted banking technology consulting firm. This acquisition enhances SRM's service offerings to include core systems optimization and conversion support, enabling it to better serve the increased market demand for technology partners in the financial industry.

Company Information

Company

SRM

Location

Memphis, Tennessee, United States

About

Kenneth J. Sole & Associates is a trusted banking technology consulting firm specializing in core processing platform conversion, migration support, and outsourced leadership for community, regional, and national banks as well as a myriad of credit unions. With over 35 years of history, the company has served hundreds of financial institutions and has expertise in core conversion support, project management, core optimization, staff augmentation, data rationalization, and mergers & acquisitions tech stack selection and support.

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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