Relation Insurance Services Acquires The Assets Of Sleeper Sewell Insurance And Hires Industry Veteran Vincent Bell
Feb 10, 2022•almost 4 years ago
Acquiring Company
Relation Insurance Services
Acquired Company
Sleeper Sewell Insurance
Description
Relation Insurance Services (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of Dallas, Texas-based Sleeper Sewell Insurance (“Sleeper Sewell”). Terms of the transaction were not disclosed.
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