Hci Equity Partners-Backed Highland Commercial Roofing Acquires Skycraft Roofing
Aug 11, 2023•over 2 years ago
Acquiring Company
Highland Commercial Roofing
Acquired Company
Highland Commercial Roofing
Building MaintenanceConstructionBuilding MaintenanceConstruction
Description
HCI Equity Partners ("HCI"), a leading lower middle-market private equity firm, today announced that its newly established platform Highland Commercial Roofing ("Highland") acquired Skycraft Roofing ("Skycraft") on August 1, 2023. Financial terms were not disclosed.
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