Stord completes acquisition of ProPack Logistics to expand fulfillment network for omnichannel brands
Apr 05, 2024•over 1 year ago
Acquiring Company
Stord
Acquired Company
ProPack Logistics
Description
Stord has strategically acquired ProPack Logistics to expand its fulfillment network throughout the United States and Canada. This acquisition accelerates Stord’s revenue and volume scale, and cements its position as a leading North American eCommerce and fulfillment platform.
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