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Sylvan Group acquires Anchor Conveyor Products to expand its industrial capabilities

Jun 06, 2024•over 1 year ago

Acquiring Company

Sylvan, Inc.

Acquired Company

Anchor Conveyor Products

SouthfieldDearbornBuilding MaintenanceConstructionManufacturing

Description

Sylvan Group, a leading provider of industrial services, has acquired Anchor Conveyor Products, a prominent engineering and fabrication contractor focused on industrial conveyor systems. This acquisition enhances Sylvan's in-house fabrication capabilities and strengthens its position in providing comprehensive services to its customers.

Company Information

Company

Sylvan, Inc.

Location

Southfield, Michigan, United States

About

Sylvan has a rich tradition of quality, safety, reliability, and trust built over more than half a century. Since our founding in 1956, Sylvan has provided industrial contracting services to blue chip clients throughout United States and Canada.

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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