Allied Industrial Partners-Backed Ces Power Acquires Echo Technologies Services, A Leading Telecom Provider Of Digital Infrastructure For Live Events
Apr 18, 2023•over 2 years ago
Acquired Company
Echo Technologies Services
Description
CES Power LLC ("CES Power" or the "Company"), a leading global provider of mobile power generation, distribution and temperature control equipment, today announced that it has acquired Echo Technologies Services, LLC ("Echo"), a telecommunications company specializing in comprehensive connectivity services, including WiFi, live streaming, CCTV, and fiber transport to music festivals, live sports, and other special events throughout North America. Terms of the transaction were not disclosed. CES Power is backed by industrial-focused private equity firm Allied Industrial Partners ("AIP").
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