Milestone Capital, Inc. acquires majority interest in MCIP Industrial Enterprises Corp. to propel growth in the pipe coating industry
Jul 22, 2024•over 1 year ago
Acquiring Company
Milestone Capital
Acquired Company
MCIP Industrial Enterprises
Description
Milestone Capital, Inc., in collaboration with D2 Equity Capital, LLC, has acquired a majority interest in a newly formed entity created to acquire the assets of MCIP Industrial Enterprises Corp. This acquisition includes MCIP’s pipe coating plants in Pearland, Texas, and aims to position MCIP to be one of the fastest-growing pipe coating companies in the Gulf Coast, with the goal of making MCIP the 'go to' pipe coating facility in the region.
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