SolomonEdwards announces acquisition of national tax consulting firm Steele Consulting
Dec 03, 2024•about 1 year ago
Acquiring Company
SolomonEdwards
Acquired Company
Steele Consulting
Description
SolomonEdwards, a national professional services firm, has acquired Steele Consulting, a national tax consulting firm. This acquisition will allow SolomonEdwards' clients to gain access to an expanded suite of tax support services across various jurisdictions, complementing its accounting and finance operations practice.
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