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Easy Ice Acquires Hutto Refrigeration Sales & Service

Apr 26, 2022•about 3 years ago

Acquiring Company

Easy Ice

Acquired Company

Easy Ice

MarquetteMarquetteFood And BeverageFood And Beverage

Description

Easy Ice, the only national provider of full-service ice machine subscription solutions, has acquired Hutto Refrigeration Sales and Service, a company that has operated out of Charleston, South Carolina for 74 years. The acquisition is the latest in a series of initiatives over the past several years that have facilitated significant growth for Easy Ice.

Company Information

Company

Easy Ice

Location

Marquette, Michigan, United States

About

Easy Ice, co-headquartered in Phoenix, AZ and Marquette, MI, is the national leader in the full-service ice machine subscription industry with warehouse and distribution facilities in Chicago, Dallas, Kansas City, and Orlando. Since its founding in 2009, the company has rapidly grown its ice machines under management to nearly 30,000 units across 47 states. Easy Ice commercial ice machine subscription programs include installation, cleaning, preventive maintenance, repairs, and backup ice. For more information, please visit www.easyice.com. SOURCE Easy Ice

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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