Acquiring Company
Strive Group Brands
Acquired Company
Harrogate Organics Company
Description
Strive Group Brands Ltd has acquired The Harrogate Organics Company Limited after the latter fell into administration. The acquisition aims to continue the business primarily as an online retailer, closing its physical retail unit. Most staff have been retained under the new ownership, ensuring operational continuity. Administrator David Wilson expressed satisfaction that the business will persist and creditors will see some recovery.
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