Socotec Usa Acquires Dss Condo, Strengthening Its Technical Breadth Of Owners' Representative Services In Florida

Jul 12, 2023•over 2 years ago

Acquiring Company

SOCOTEC

Acquired Company

DSS Condo

Description

SOCOTEC, Inc., a leading provider of TIC (Testing, Inspection, and Certification), consulting, and advisory services with a strategic focus on buildings and infrastructure, announced today that it has completed the acquisition of DSS Condo, LLC, a Miami-based Owners' Representative and Advisory firm providing Construction Management and Project Management services.

Company Information

Company

SOCOTEC

About

Le groupe SOCOTEC propose à ses clients et partenaires des missions tout au long du cycle de vie du bâti afin d’en assurer la conformité, prolonger leur durée de vie, améliorer leur performance technique, énergétique et environnementale, et garantir ainsi la sécurité des personnes.

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

Socotec Usa Acquires Dss Condo, Strengthening Its Technical Breadth Of Owners' Representative Services In Florida

Description

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M&A Insights

Company Information