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Savage completes acquisition of Texon to strengthen supply chain infrastructure and solutions

May 03, 2024•over 1 year ago

Acquiring Company

Savage

Acquired Company

Texon

MidvaleHoustonSoftwareOil And GasEnergy

Description

Savage, an international company focusing on supply chain infrastructure and solutions, has successfully acquired Texon, a Houston-based midstream service provider. This acquisition aims to leverage Texon's expertise and reputation in the energy space to drive value for their customers through combined teams, assets, and services.

Company Information

Company

Savage

Location

Midvale, Utah, United States

About

Founded in 1946, Savage provides transportation, logistics, materials handling, and other industrial services. Savage is a company founded on principles of integrity, innovation, hard work, and reliability. Nothing is more important than safety at Savage, as we strive to always Do the Right Thing, Find a Better Way, and Make a Difference for our Customers, Team Members, and communities. We move and manage what matters so our Customers and Partners can Feed the World, Power Our Lives, and Sustain the Planet. With more than 4,000 Team Members in over 200 locations across North America and internationally, Savage creates value for our Customers and puts solutions right where you need them.

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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