Acquiring Company
Car Wash
Acquired Company
Car Wash
Description
Splash Car Wash, headquartered in Milford, Connecticut, today announced the acquisition of Guilderland, New York-based Knockout Car Wash. The site is an express wash outfitted with a 190-foot tunnel and 20 self-service vacuums. This acquisition bolsters Splash's presence in the Albany market and brings its total wash count to 56, 38 of which are located in New York with the remainder in CT and VT.
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