Acquiring Company
Beanfield
Acquired Company
FibreStream
TorontoDescription
Beanfield Metroconnect, owner and operator of the largest independent fibre-optic network in Toronto and Montreal, today announced the acquisition of FibreStream, an Internet Service Provider operating in the GTA, Ottawa and Vancouver. This acquisition is part of Beanfield’s ongoing commitment to expand its residential network, allowing for superior services and a reliable network to be readily available to even more customers.
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