Strathcona Resources Ltd. Announces Closing Of Pipestone Energy Corp. Acquisition
Oct 03, 2023•almost 2 years ago
Acquiring Company
Strathcona Resources Ltd
Acquired Company
Pipestone Energy
Description
Strathcona Resources Ltd. ("Strathcona") announced today that it has closed the acquisition (the "Acquisition") of Pipestone Energy Corp. ("Pipestone").
FundzWatch™ Score
82
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