Friendly Group Acquires Day & Night Air Conditioning, Heating & Plumbing, Serving Customers In The Greater Phoenix Area Of Arizona
Jan 13, 2022•almost 4 years ago
Acquiring Company
Group
Acquired Company
Day & Night Air ConditioningHeating & Plumbing
Description
Friendly Group, a home services company, announced today its acquisition of Day & Night, a heating, ventilation, and air conditioning (HVAC) and plumbing services company located in Phoenix, AZ. The addition of Day & Night makes this Friendly Group's second home services company located in Arizona, and the fourth company to join Friendly Group in the last year in the western region.
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