Consolidated Equipment Group completes acquisition of Agile Manufacturing to expand product suite
Oct 02, 2024•about 1 year ago
Acquiring Company
Consolidated Equipment Group
Acquired Company
Agile Manufacturing Group
Description
Consolidated Equipment Group, LLC (CEG) announces the acquisition of Granite, Iowa-based Agile Manufacturing Group, LLC. This acquisition allows CEG to offer a more comprehensive product suite to its customers and enhance its capabilities in the agricultural, industrial, and construction material handling markets. Mike Feilmeier will maintain his leadership role at Agile, serving as Vice President of Agile Products within the CEG platform, ensuring that Agile is poised for significant growth and success.
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