Fcpt Announces Acquisition Of An Aspen Dental Property For $2.3 Million
May 25, 2022•about 3 years ago
Acquiring Company
Four Corners Property Trust
Acquired Company
Aspen Dental Property
Description
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Aspen Dental property for $2.3 million. The property is located in a dense retail corridor in Missouri and is occupied under a net lease to the corporate entity. The transaction was priced at a cap rate in range with previous FCPT transactions.
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