Catalyst Power Announces Acquisition Of Northeast Expense Reduction Services
Sep 06, 2022•over 3 years ago
Acquiring Company
Catalyst Power Holdings
Acquired Company
EXPENSE REDUCTION SERVICES
Description
Catalyst Power Holdings LLC ("Catalyst Power"), an integrated provider of cleaner energy solutions for the commercial and industrial sector, acquired the assets of Northeast Expense Reduction Services, a New York-based energy advisor. The acquisition deepens Catalyst Power's role in Central and Western New York State's energy transition allowing it to expand on its mission of helping its commercial and industrial customers to decarbonize their electricity consumption.
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