Ebg Acquires Sparkfly Perks To Support Expansion Of Corporate Client Base
May 24, 2022•about 3 years ago
Acquiring Company
EBG
Acquired Company
Sparkfly Perks
Description
EBG, one of the fastest growing e-commerce solutions providers in the U.S. specializing in travel and entertainment, announced today the acquisition of Sparkfly Perks, a leading national discount platform in the employee benefits space.
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