Acquiring Company
Cary Oil
Acquired Company
Giant Eagle
CaryCranberry TownshipOil And GasEnergyRetailDescription
Cary Oil Co. Inc. has acquired the wholesale motor fuels distribution business from Giant Eagle Inc. This transaction allows Giant Eagle to concentrate on its core supermarket and pharmacy businesses. Cary Oil's expansive network supplies approximately 1,000 dealers across more than 20 states. The acquisition aligns with Cary Oil's strategy to enhance its distribution capabilities.
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