Atlas Holdings Acquires Herff Jones Graduation Business From Varsity Brands
Oct 02, 2023•almost 2 years ago
Acquiring Company
Atlas Holdings
Acquired Company
Herff Jones
EducationFashion
Description
Atlas Holdings announced today the closing of the previously announced acquisition of the Herff Jones Graduation Business from Varsity Brands. Atlas also announced the promotion of Ron Stoupa, who begins today as Chief Executive Officer of the now independently operated company. Stoupa joined Herff Jones as Chief Marketing Officer in 2021 and was promoted to President in October 2022.
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