Acquiring Company
Raceway Car Wash
Acquired Company
Foothill Express Car Wash
Description
Raceway Car Wash is acquiring Foothill Express Car Wash, marking its 45th location in the U.S. This acquisition is set to enhance convenience for customers in Fontana, California. Raceway plans to implement upgrades to improve the car wash experience. The new site will complement an existing Raceway location in the area.
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