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Gdi Integrated Facility Services Inc. Announces Acquisition Of Ih Services, Inc.
PRIVATEJan 04, 2022•over 4 years ago
Acquiring Company
Gdi
Acquired Company
IH Services
ManufacturingAdministrative Services
Description
GDI Integrated Facility Services Inc. (TSX:GDI) (the "Company" or "GDI") is pleased to announce that its U.S. subsidiary GDI Integrated Facility Services USA Inc. has concluded the acquisition of IH Services, Inc. and its affiliates ("IH") effective December 31, 2021.
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