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Everde Growers Announces Acquisition Of La Verne Nursery, Inc.

Jun 17, 2022about 3 years ago

Acquiring Company

Everde Growers

Acquired Company

La Verne Nursery

Description

Everde Growers announced the company's acquisition of La Verne Nursery, Inc. with an expectation to close by July 1st. The purchase follows several strategic acquisitions in Florida, California, and Oregon, culminating in a companywide rebrand in December 2020.

Company Information

Company

Everde Growers

About

Everde Growers is a leader within the horticulture industry with a true coast-to-coast footprint consisting of over 6,700 acres in production encompassing 14 farms.

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