Riverside Partners' Portfolio Company Sequoia Acquires 42 North Solutions
Feb 22, 2023•over 2 years ago
Acquiring Company
Sequoia Consulting Group
Acquired Company
42 North Solutions
Description
Sequoia Consulting Group (Sequoia), a leading provider of technical and full life-cycle services to pharmaceutical and biotechnology clients, announced the acquisition of 42 North Solutions (42 North). Based in Scituate, MA and founded by Robert DeCoste and Daniel Ramsey, 42 North supports capital project execution and management, technical operations, and facilities management needs of pharmaceutical and biotechnology clients. Sequoia is a portfolio company of Riverside Partners, a Boston-based private equity firm.
FundzWatch™ Score
70
High M&A Activity
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