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Vistage acquires TEC Canada for CEO growth

PRIVATEMay 12, 202614 days ago

Acquiring Company

Vistage Worldwide

Acquired Company

TEC Canada

San DiegoCalgaryTraining

Description

Vistage has successfully acquired TEC Canada to enhance CEO peer advisory efforts in North America. This acquisition aims to build upon the growth and impact of leadership support across Canada. With TEC Canada as one of Vistage's longest-standing licensees, this move allows for extended resources and deeper connections for its members. The transition enhances Vistage's mission of being the most trusted resource for CEOs and small business owners.

Company Information

Company

Vistage Worldwide

Location

San Diego, California, United States

About

Vistage is the world's largest CEO coaching and peer advisory organization for small and midsize businesses. For more than 60 years, we've been helping CEOs, business owners and key executives solve their greatest challenges through confidential peer groups and one-to-one executive coaching sessions. Today, more than 27,000 members in 26 countries rely on Vistage to help make better decisions for their companies, families and communities. The results prove it: A 2017 study of Dun & Bradstreet data revealed that companies who joined Vistage over the prior five years grew 2.2x faster than average small and medium-sized U.S. businesses. A similar study of D&B data in 2020 revealed that Vistage CEO members weathered the pandemic by continuing to grow their annual revenue on average by 4.6%, while nonmembers with comparable small and midsize businesses saw revenue decrease by 4.7%. Learn more at vistage.com.

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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