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Usic, Llc Announces Acquisition Of Utility Resource Group, Llc

Jan 05, 2022•almost 4 years ago

Acquiring Company

USIC

Acquired Company

Utility Resource Group

Science And EngineeringGovernment And MilitaryMobileSustainabilitySoftware

Description

USIC, LLC (USIC), North America's largest provider of underground utility locating services, announced today that its affiliate, USIC Locating Services LLC, has acquired Utility Resource Group, LLC (URG). URG, headquartered in Troy, MI, provides underground utility locating, gas leak detection, meter services, sewer lateral inspections, and cross bore mitigation for utilities and municipalities across the midwestern and southeastern United States.

Company Information

Company

USIC

About

Headquartered in Indianapolis, IN, with operations in 48 states and Canada, USIC, LLC is North America's largest provider of utility damage prevention services and advanced utility solutions, including a broad range of utility services offered by the company's affiliates, Blood Hound, Reconn Utility Services, and On Target Utility Services. SOURCE USIC, LLC

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