Heritage-Crystal Clean, Inc. Completes Acquisition Of Patriot Environmental
Aug 03, 2022•over 3 years ago
Acquiring Company
Heritage-Crystal Clean
Acquired Company
Patriot Environmental
EnergyOil And GasManufacturing
Description
Heritage-Crystal Clean, Inc. (Nasdaq: HCCI), a leading provider of parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily focused on small and mid-sized customers, today announced it has completed its acquisition of Patriot Environmental Services, Inc. (“Patriot”). Patriot is a leading provider of environmental services across the Western United States specializing in a wide variety of waste services, including emergency response, industrial services, and OSRO spill response.
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