Legence announces acquisition of Corporate Sustainability Strategies (CSS) to enhance sustainability solutions
Apr 30, 2024•over 1 year ago
Acquiring Company
Legence
Acquired Company
Corporate Sustainability Strategies (CSS)
Description
Legence, a Blackstone Portfolio Company and North America's leading, integrated provider of energy efficiency and sustainability solutions for the built environment, has announced the acquisition of Corporate Sustainability Strategies (CSS), a commercial real estate sustainability consulting firm. This acquisition builds on Legence’s long-standing and collaborative relationship with CSS and expands on Legence’s fast-growing client roster and servicing opportunities, further amplifying its efforts to rapidly transform the built environment and deliver year-over-year client savings.
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