Acquiring Company
Skyline Roofing Partners
Acquired Company
Classic Roofing & Construction
Description
Skyline Roofing Partners has acquired Classic Roofing & Construction and John Hogan Roofing to expand its operations in the residential roofing sector. The acquisitions are part of Skyline's strategy to partner with leading brands in the market. Jake Babbitt, owner of Classic and Hogan, will maintain a minority stake and join Skyline's Founder's Council. This move is expected to drive growth and enhance customer service.
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