Westwood Professional Services, Inc. completes acquisition of Balzer & Associates, Inc. to enhance geographic reach and service offerings
Dec 03, 2024•about 1 year ago
Acquiring Company
Westwood Professional Services
Acquired Company
Balzer & Associates
Description
Westwood Professional Services, Inc. (Westwood) has successfully acquired Virginia-based Balzer & Associates, Inc. in line with its vision to expand into new geographic regions and broaden the range of professional services it delivers. This strategic acquisition has added four new offices in Virginia for Westwood and will strengthen its strategic growth initiatives. The values of Balzer & Associates align well with Westwood's culture, and the partnership is expected to provide a broader range of services to clients while creating new opportunities for the combined team.
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