Caleb Standafer III acquires Springfield Tool & Die, Inc. with a commitment to uphold the company's legacy
Sep 05, 2024•over 1 year ago
Acquiring Company
Caleb Standafer III
Acquired Company
Springfield Tool & Die
Madhya Pradesh
GreenvilleManufacturingDescription
Caleb Standafer III has successfully acquired Springfield Tool & Die, Inc., a renowned company with nearly 100 years of history in the manufacturing industry. The acquisition emphasizes a commitment to preserving Springfield's legacy, excellent service, and high standards, ensuring a seamless transition for this fourth-generation family business.
M&A Insights
Based on deal dataIntegration 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