logo
logo

TenCate completes acquisition of majority stake in Byrom-Davey Inc.

Jul 15, 2024•about 1 year ago

Acquiring Company

TenCate Grass

Acquired Company

Byrom-Davey

NijverdalSan DiegoManufacturingManufacturing

Description

TenCate Grass announces the acquisition of a majority stake in Byrom-Davey Inc., the leading sports facility builder in Southern California. Byrom-Davey's current management team will continue to lead the company, and TenCate looks forward to expanding its geographical footprint and continuing to serve its customers with the addition of Byrom-Davey to its group of companies.

Company Information

Company

TenCate Grass

Location

Nijverdal, Overijssel, Netherlands

About

TenCate is the world's leading manufacturer, distributor and installer of synthetic turf solutions for sports and outdoor living applications. Headquartered in the Netherlands, with manufacturing facilities in the Netherlands, the United States, the United Kingdom and the United Arab Emirates, the company serves customers in more than 40 countries with a suite of well-known brands. The company is fully vertically integrated, which enables it to control the full chain from R&D, through manufacturing, installation, maintenance and now, recycling.

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

Related People

Jessica hidden

hidden
hidden

Michael hidden

hidden
hidden

Jan hidden

hidden
hidden