Shawmut Design and Construction completes acquisition of First Finish to enhance hotel renovation offerings
Nov 18, 2024•about 1 year ago
Acquiring Company
Shawmut Design and Construction
Acquired Company
First Finish
Description
Shawmut Design and Construction, a leading $2 billion national construction management firm, has acquired First Finish, a premier full-service hotel renovation contractor. This strategic partnership combines Shawmut's expertise in complex luxury hotel builds with First Finish's nimble, efficient, and creative delivery of high-end interiors. The acquisition aims to provide a more strategic analysis of overall projects, offering a unique, all-in-one solution for clients in the hotel renovation market.
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