Acquiring Company
T. Parker Host
Acquired Company
Transmarine Navigation Corporation
NorfolkLong BeachLogisticsTransportationDescription
T. Parker Host has announced its acquisition of Transmarine Navigation Corporation, forming the largest independent tramp ship agency in the U.S. This acquisition enhances HOST's capabilities and expands its services into the Pacific region. With a focus on improving shipping logistics, this merger is expected to boost economic growth in the New Orleans area. The deal aligns with HOST's strategic vision to provide seamless maritime solutions nationwide.
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