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Jensen Precast completes acquisition of ProGlass Incorporated to broaden electric utility product portfolio

Mar 25, 2024•over 1 year ago

Acquiring Company

Jensen Precast

Acquired Company

ProGlass Incorporated

RenoSheltonConstructionUtilities

Description

Jensen Precast, an independent family-owned manufacturer of infrastructure solutions, has announced the acquisition of ProGlass Incorporated, a manufacturer of utility fiberglass products. This acquisition expands Jensen Precast’s suite of products engineered specifically for the electric utility market, providing even more favorable choices for their equipment needs.

Company Information

Company

Jensen Precast

Location

Reno, Nevada, United States

About

Jensen Precast designs, engineers, and manufactures precast concrete products for the growing infrastructure needs of communities, businesses, and government agencies. Founded in 1968 in Sparks, Nevada, we're a privately held company with facilities in Arizona, California, Hawaii, Nevada, and Washington. We work with the top contractors in the United States to provide high quality precast concrete solutions for public and private infrastructure projects.

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