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Bridge Group Investments And Steerpoint Capital Announce Acquisition Of Northridge Mall

Dec 22, 2022•over 2 years ago

Acquiring Company

Bridge Group Investments

Acquired Company

Northridge Mall

Description

Today, Bridge Group Investments, founded by the Mersho Family in 2004, and Steerpoint Capital announced that they have closed on an acquisition of the Northridge Mall in Salinas, California.

Company Information

Company

Bridge Group Investments

About

Bridge Advisory is a wealth management firm with a rich legacy in Southern California, overseeing approximately $460M in client assets. Charleston Investment Advisors empowers high-net-worth individuals, families, and businesses to build generational wealth. Both firms are known for their client-first approach and commitment to financial literacy.

Company

Steerpoint Capital

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

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