Hilb Group Acquires Vermont-Based Paige & Campbell, Inc., Expands Market Presence And Client Offerings
Apr 21, 2022•over 3 years ago
Acquiring Company
North Carolina-Based Life Health and Employee Benefits Business
Acquired Company
Paige & Campbell
Description
The Hilb Group announced today that it has partnered with Vermont-based Paige & Campbell, Inc., and its subsidiary the Taylor Palmer Agency in Bradford, expanding the company's growing presence throughout New England.
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