Chartwells Higher Education Acquires Fresh Ideas Food Management Company
Jul 18, 2022•almost 3 years ago
Acquiring Company
Chartwells Higher Education
Acquired Company
Fresh Ideas Food Management
Description
Chartwells Higher Education, a sector of Compass Group and recognized leader in contract food service management, today announced its acquisition of Fresh Ideas, a food service management company based out of Columbia, Missouri. The acquisition allows Chartwells Higher Education to expand into more regional college and university markets while Fresh Ideas continues to build upon their strong client partner relationships.
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