Eolian, A Global Infrastructure Partners Portfolio Company, Announces Acquisition Of Able Grid Development Interests
Dec 23, 2021•over 3 years ago
Acquiring Company
Eolian, L.P
Acquired Company
Able Grid Development Interests
Natural ResourcesEnergySustainability
Description
Eolian, a portfolio company of Global Infrastructure Partners (GIP), today announced the acquisition of all remaining outstanding interests in joint venture development portfolios of energy storage projects managed by Able Grid Energy Solutions.
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