Acquiring Company
Oil
Acquired Company
Star Industrial Services Co.
Description
Approved Oil Company is pleased to announce their most recent acquisition, Star Industrial Services Company, on August 6th, 2021.
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