Shell to sell Sinco pipeline system and Colex terminal to Edgewater Midstream
Aug 29, 2024•over 1 year ago
Acquiring Company
Edgewater Midstream
Acquired Company
Shell
Description
Shell announces the sale of Sinco pipeline system and Colex terminal to Edgewater Midstream in a strategic move to streamline its assets and focus on core operations.
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