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Jenkins Acquires Sleeve And Fluid Film Bearing Manufacturer

Oct 05, 2022•about 3 years ago

Acquiring Company

Jenkins Electric Company

Acquired Company

SLEEVE

Manufacturing

Description

Jenkins Electric, an electromechanical service and parts provider specializing in electric motor repair and test products, as well as a variety of distribution parts, has acquired Wheeler, a sleeve and fluid film bearing manufacturer based in North Charleston, South Carolina.

Company Information

Company

Jenkins Electric Company

About

: Jenkins Electric is a Charlotte, NC-based industrial, electromechanical repair, test and manufacturing company. Their manufactured test systems and replacement products support repair facilities and maintenance departments throughout the world, while their repair services keep OEM's and utilities across the southeast running. Learn more at JenkinsElectric.com.

M&A Insights

Based on deal data
Integration 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