Arrow Acquires Tab Wizard

Dec 23, 2021•over 3 years ago

Acquiring Company

Arrow International

Acquired Company

Tab Wizard

ManufacturingConsumer Goods

Description

Arrow International, Inc., the world’s largest manufacturer and distributor of charitable gaming products, announces that it has acquired the assets of Tab Wizard Inc., a leading provider of pull tab and food & beverage point of sale management software.

Company Information

Company

Arrow International

About

Founded in 1967, Arrow is the world’s largest manufacturer and distributor of charitable gaming products, including pull tabs, electronic pull tabs, bingo products and electronic bingo devices for charitable gaming. Headquartered in Cleveland, Ohio, Arrow has approximately 1,200 employees across four manufacturing facilities and a network of 60+ distribution facilities. More information about Arrow’s products can be found at www.arrowinternational.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

Arrow Acquires Tab Wizard

Description

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M&A Insights

Company Information