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EverSmith Brands completes acquisition of Prism Specialties to meet increasing demand for restoration services

Jun 25, 2024•over 1 year ago

Acquiring Company

EverSmith Brands

Acquired Company

Prism Specialties

CharlotteLivoniaOtherOther

Description

EverSmith Brands has successfully acquired Prism Specialties, a company recognized for its unique and high-quality restoration services. This acquisition aims to address the growing need for restoration services and further expand EverSmith Brands' expertise and market presence in the industry.

Company Information

Company

EverSmith Brands

Location

Charlotte, North Carolina, United States

About

EverSmith Brands is a platform of strong and growing franchised brands uniquely focused on the commercial facilities sector. It is a portfolio company of The Riverside Company and is committed to building the industry-leading franchise platform for commercial property services.

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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