Omni Fiber completes merger with Lit Fiber to enhance fiber-to-the-home expansion
Nov 20, 2024•about 1 year ago
Acquiring Company
Omni Fiber
Acquired Company
Lit Fiber
Description
Omni Fiber, a leading provider of high-speed fiber optic internet services in the Midwest, has announced a merger with Lit Fiber, the leading provider of fiber Internet services in Medina County, Ohio. The merger aims to accelerate fiber-to-the-home expansion, enabling both companies to move faster into new markets, operate more efficiently, and serve customers better.
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