logo
logo

Dexter Paine completes acquisition of Maine Mariners to bring new leadership for the upcoming season

Sep 30, 2024•10 months ago

Acquiring Company

Paine Schwartz Partners

Acquired Company

Maine Mariners

San MateoPortlandSports

Description

Dexter Paine, Co-founder and Chairman of Paine Schwartz Partners, has completed the acquisition of the Maine Mariners hockey team from Comcast Spectacor. With the new ownership structure, the team is set to embrace fresh leadership with Adam Goldberg promoted to CEO and Alternate Governor. This acquisition marks an exciting new chapter for the Maine Mariners as they prepare for the upcoming 2024-2025 season.

Company Information

Company

Paine Schwartz Partners

Location

San Mateo, California, United States

About

A global leader in sustainable food chain investing, Paine Schwartz Partners is a private equity firm focused exclusively on investment opportunities in the fast-growing, dynamic global food and agribusiness sectors. The firm's investment, operations and finance professionals invest throughout cycles across the food and agribusiness value chain, and bring a collaborative and active management approach to portfolio companies. For further information, please see www.paineschwartz.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