Allied Industrial Partners-Backed Ces Power Acquires Euro Touring Power
Sep 19, 2023•about 2 years ago
Acquired Company
Euro Touring Power
Description
CES Power LLC ("CES Power"), a leading global provider of sustainable mobile power generation, distribution, and temperature control solutions for large events, today announced that it has acquired Euro Touring Power ("ETP"), a premier provider of electrical equipment and air conditioning rental for touring productions throughout Europe. This acquisition expands CES Power's reach overseas, giving the company a new hub in Ireland with access to all of Europe. CES Power is backed by industrial-focused private equity firm Allied Industrial Partners ("Allied"). Terms of the transaction were not disclosed.
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