Michael Best Acquires North Carolina Firm, Adding 23 Lawyers & Seven Offices
Jan 05, 2022•over 3 years ago
Acquiring Company
Michael Best
Acquired Company
North Carolina
Description
Michael Best is pleased to announce the addition of 23 lawyers and 13 professionals from Forrest Firm in a strategic combination to expand the firm’s presence in North Carolina. In addition to Michael Best’s established Raleigh office, the firm will gain seven offices throughout the state, in Asheville, Charlotte, Durham, Greensboro, Greenville, Wilmington, and Winston-Salem.
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