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Spire Capital Portfolio Company, Protect, Llc., Has Acquired Houston Integrity Consultants, Llc (Hic)

Mar 23, 2023•over 2 years ago

Acquiring Company

PROtect

Acquired Company

Houston Integrity Consultants (HIC)

EnergyInformation TechnologyNatural ResourcesAgriculture And Farming

Description

PROtect, LLC, a leading national safety, reliability, and compliance services firm based in Wichita, KS, successfully consumated its acquisition of Houston Integrity Consultants, LLC ("HIC"), a premier Houston, TX based specialized provider of Risk Based Inspection (RBI) services which includes industry-leading Inspection Data Management System (IDMS) software. HIC is recognized for its proficiency in addressing complex inspection and reliability challenges faced by the oil & gas, petrochemicals, pharmaceuticals, renewables, and refining industries.

Company Information

Company

PROtect

About

– Headquartered in Wichita, KS, PROtect, LLC (formerly ERI Solutions, LLC & DBI, Inc.) (https://protect.llc/) is a professional services company that provides safety, reliability, and compliance services to high-hazard industries such as biofuels, chemical, oil & gas, power generation, pulp and paper, and allied industries. Such categories include advanced and conventional non-destructive testing (NDT), mechanical integrity (MI), environmental, health, safety, process safety, and insurance program management. PROtect's engineers, consultants, and technicians dispatch to service our customers from various locations within the continental United States to ensure timely and cost-effective delivery of service. PROtect also operates ERM SPC, Ltd., a segregated portfolio captive reinsurance company domiciled in the Cayman Islands focused on reinsuring workers' compensation, general liability, and property of qualified risks.

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