Acquiring Company
Beemok Capital
Acquired Company
the Western and Southern Open
Non Profit
Description
Beemok Capital, the family office of businessman and philanthropist Benjamin Navarro, today announced it has entered into a definitive agreement to acquire Cincinnati’s Western and Southern Open tournament from the United States Tennis Association (“USTA”). Financial terms of the transaction were not disclosed.
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