Ingevity Completes Acquisition Of Leading Pavement Marking Materials Business, Ozark Materials
Oct 03, 2022•almost 3 years ago
Acquiring Company
Ingevity
Acquired Company
Ozark Materials
Description
Ingevity Corporation (NYSE:NGVT) today announced that it has completed its previously disclosed acquisition of privately-owned Ozark Materials in an all-cash transaction valued at $325 million. Ingevity expects the acquisition to be immediately accretive to Ingevity’s earnings per share. The business will be included in Ingevity’s Performance Chemicals segment.
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