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The RISE Group, Inc. expands HVAC/Refrigeration Services with acquisition of DG Service Company

Aug 08, 2024•over 1 year ago

Acquiring Company

The RISE Group

Acquired Company

DG Service Company

CranstonMattapoisettFacilities ServicesArtificial Intelligence

Description

The RISE Group, Inc., a leading provider of energy, engineering, laboratory, and field services, has acquired DG Service Company to expand its mechanical/HVAC/refrigeration contracting capability in the New England region. The acquisition strengthens The RISE Group's ongoing efforts to deliver cost-effective energy solutions and to play a major role in bringing HVAC/mechanical services as part of its strategic plan.

Company Information

Company

The RISE Group

Location

Cranston, Rhode Island, United States

About

The RISE Group, Inc. is a multidisciplinary professional services company that provides a complete range of energy, engineering, and environmental testing services to customers throughout the United States and internationally. Its operating divisions are highly regarded for their delivery of premium quality technical offerings from its offices in New England, New York, Ohio, Texas, and Florida. The RISE Group is a 100% employee-owned company, with over 600 staff participating in its Employee Stock Ownership Plan (ESOP).

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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