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Shermco Industries completes acquisition of Power Test, Inc. to strengthen its position in the Southeast

PRIVATEApr 02, 2024•about 2 years ago

Acquiring Company

Shermco Industries

Acquired Company

Power Test

Irving

Dallas

Description

Shermco Industries, Inc. has completed the acquisition of Power Test, Inc., strengthening its position in the southeastern United States. This strategic acquisition supports Shermco's expansion and enhances its service offerings, allowing it to continue its acquisition strategy to expand its presence in key markets.

Company Information

Company

Shermco Industries

Location

Irving, Texas, United States

About

Shermco Industries, Inc. is one of North America's largest and fastest growing providers of electrical testing, maintenance, commissioning and repair services. With more than 40 locations, Shermco serves a diversified blue-chip client base across North America. The company is an active participant in NETA, EASA, and AWEA. Shermco is majority-owned by San Francisco-based Gryphon Investors, a leading middle-market private equity firm.

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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