Sybridge Technologies Completes Acquisitions Of Action Tooling Llc And Lakeshore Fixture & Gauge Ltd

Jan 04, 2022•over 3 years ago

Acquiring Company

SyBridge Technologies

Acquired Company

SyBridge Technologies

ManufacturingFinancial ServicesInformation TechnologyCommunity And LifestyleManufacturingFinancial ServicesInformation TechnologyCommunity And LifestyleManufacturingFinancial ServicesInformation TechnologyCommunity And Lifestyle

Description

SyBridge Technologies ("SyBridge"), a global industrial technology company, announced today that it has completed the acquisition of Action Tooling LLC ("Action") and Lakeshore Fixture & Gauge Ltd. ("Lakeshore"). Both transactions further expand SyBridge's Tech & Services business unit and make SyBridge an end-to-end solutions provider. Action and Lakeshore represent SyBridge's fifth and sixth acquisitions in 2021.

Company Information

Company

SyBridge Technologies

About

SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and manufacturing solutions across multiple industries. SyBridge is the combination of 13 acquisitions made to combine different products, services and technologies into a singular technology enabled solution. SyBridge is based in Southfield, Michigan and has operations in the United States, Canada, Mexico and Ireland. For more information, please visit www.sybridgetech.com.

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