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Pro-Vac completes acquisition of Kinetic to expand its geographic reach and service offerings

May 24, 2024•over 1 year ago

Acquiring Company

Pro-Vac

Acquired Company

Kinetic Automation

Santa AnaConstructionAutomotiveManufacturing

Description

Pro-Vac, a leading provider of essential subsurface infrastructure services, has announced the acquisition of Kinetic, a leading provider of hydro excavation services in the Rocky Mountain region and DMV-area. This acquisition significantly enhances and expands Pro-Vac’s scale and geographic reach, allowing it to grow its national presence and benefit existing customers with an expanded suite of services.

Company Information

Company

Pro-Vac

About

Founded in 2002 and headquartered in Puyallup, Washington, Pro-Vac is a leading provider of essential subsurface infrastructure services. The company’s service offerings include hydro excavation, stormwater and sewer systems maintenance, pipeline jetting, pipeline repair / grouting, CCTV pipe inspections, vacuum sweeping and other specialty services. Pro-Vac’s customers include contractors, municipalities, and utility companies. For more information, please visit: www.pro-vac.com

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