Charles Taylor Acquires Ohio-Based Third-Party Administrator, The Matrix Companies
Nov 29, 2022•about 3 years ago
Acquiring Company
Charles Taylor
Acquired Company
Party Administrators
InsuranceConsulting
Description
Charles Taylor, a leading provider of claims solutions to the United States (U.S.) and global insurance markets, announced today it has acquired The Matrix Companies (Matrix), a third-party administrator (TPA) and risk management specialist.
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