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.
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