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Shawmut Design and Construction completes acquisition of First Finish to enhance hotel renovation offerings

Nov 18, 2024about 1 year ago

Acquiring Company

Shawmut Design and Construction

Acquired Company

First Finish

BostonColumbiaHotelHospitality

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.

Company Information

Company

Shawmut Design and Construction

Location

Boston, Massachusetts, United States

About

At Shawmut Design and Construction, we promise our clients a better building experience. As an award-winning construction management firm, we are dedicated to outperforming expectations every day—a responsibility we take seriously as employee-owners and a promise we make to each one of our partners. Right from the start—all the way to the ribbon cutting—we promise our clients a building experience that’s the very best. Winning for clients is our passion. We succeed when our clients enjoy the building process as much as the building itself. To be the best, we need to cultivate the best talent. We work to create an inclusive environment where everyone reaches their fullest potential, with a Diversity Leadership Council driving our journey toward diversity, equity, and inclusion. Shawmut is 100% employee-owned which means every employee has a vested interest in the success of the company and the success of our clients’ projects. As part owners through the Employee Stock Ownership Plan (ESOP), each employee takes pride in being part of a talent-driven and leading-edge organization focused on delivering exceptional client service.

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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