Terrasource Global Announces The Acquisition Of Elgin Separation Solutions
Jan 18, 2023•over 2 years ago
Acquiring Company
TerraSource Global
Acquired Company
Elgin Separation Solutions
Description
TerraSource Global – a premier manufacturer of high-quality material sizing equipment based on the Gundlach, Jeffrey Rader and Pennsylvania Crusher brands, and subsidiary of Right Lane Industries – has announced the acquisition of Elgin Separation Solutions (Elgin) as of January 12, 2023. Elgin designs, manufactures and services material processing parts and equipment for mining, energy production, recycling and waste management applications. Core products include vibratory centrifuges (CMITM), decanter centrifuges, mobile packaged treatment systems (KEMTRONTM), vibrating screens (Hyper-GTM, TaborTM and NorrisTM brands) and cuttings dryers (CSITM).
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