Miner Limited, An Onpoint Group Company, Acquires Pace Material Handling

Jan 19, 2023•over 2 years ago

Acquiring Company

Miner Ltd

Acquired Company

Pace Material Handling

Description

Miner Ltd., the dock and door division of OnPoint Group, announced today the acquisition of Pace Material Handling, the largest independent dock and door service provider in the Pacific Northwest. Based in the Greater Seattle area, Pace Material Handling has been providing design, install and service expertise for commercial docks and doors across Washington and Oregon for more than 30 years. This acquisition expands Miner’s service reach on the West Coast into the Pacific Northwest.

Company Information

Company

Miner Ltd

About

Miner Ltd., an OnPoint Group company, is the North American leader in commercial docks and doors, improving safety and uptime while lowering costs for some of the largest industrial facilities and Fortune 500-class companies. Our suite of proactive MinerCare services makes for smarter, safer loading docks with data-driven solutions. From real-time electronic evidence to equipment monitoring to asset management and expert installations, our mission is to mitigate risk and improve efficiency at the loading dock. Our service footprint includes the largest network of best in class service professionals nationwide delivering superior speed, consistency and results 24/7/365. Learn more at https://www.minercorp.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