Evergen Infrastructure Corp. Completes The Acquisition Of A 67% Interest In Growtec, An Alberta Based Renewable Natural Gas Facility
Jul 14, 2022•about 3 years ago
Acquiring Company
EverGen Infrastructure
Acquired Company
Interest
Description
EverGen Infrastructure Corp. (“EverGen'' or the “Company”) (TSXV: EVGN) (OTCQB: EVGIF), Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform, is pleased to announce it has completed the acquisition of a 67% interest in Alberta’s Grow the Energy Circle Ltd. (“GrowTEC”).
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