Acquiring Company
North Carolina-Based Life Health and Employee Benefits Business
Acquired Company
AGENCY
Description
The Hilb Group announced today that it has acquired a Texas-based agency that specializes in benefits enrollment and administration. The transaction became effective February 1, 2023.
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