Dt Midstream Closes On Purchase Of Additional Ownership In Millennium Pipeline
Oct 07, 2022•about 3 years ago
Acquiring Company
DT Midstream
Acquired Company
Ownership
Description
DT Midstream, Inc. (NYSE: DTM) today announced that it has closed on the $552 million purchase of an additional 26.25% ownership interest in Millennium Pipeline from National Grid.
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