Michael Baker International merges Akela Engineering and Consulting into Sustainable and Resilient Solutions Vertical
Jan 06, 2025•11 months ago
Acquiring Company
Michael Baker International
Acquired Company
Akela Engineering and Consulting
Description
Michael Baker International announced the full merger of its portfolio company, Akela Engineering and Consulting, into the company's Sustainable and Resilient Solutions (SRS) business vertical. This merger enhances the firm's ability to better serve clients and pursue and win larger, more complex Mechanical, Electrical, and Plumbing projects. The combined team will offer clients holistic, smart, and resilient building solutions across market sectors, reinforcing Michael Baker's position and strengthening its competitive position in the growing MEP engineering and consulting market.
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