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Foot Solutions Acquires Happy Feet Plus

Feb 03, 2022•over 3 years ago

Acquiring Company

Foot Solutions

Acquired Company

Happy Feet Plus

Media And EntertainmentCommerce And ShoppingConsumer GoodsCommunity And Lifestyle

Description

Foot Solutions, Inc., a leading retailer of wellness footwear and custom orthotic insoles, is announcing today the acquisition of the Florida-based retailer Happy Feet Plus, Inc. The acquisition brings together two major retail forces in specialty footwear and the ~3.5 billion global orthotic insoles market. Details of the transaction were not announced.

Company Information

Company

Foot Solutions

About

Foot Solutions is a leading international retailer specializing in footwear and custom orthotics. Founded in 2000, the company was acquired in 2020 by a group of private investors who have since invested heavily in strategic growth and brand development. For more information or to learn about franchising opportunities visit www.footsolutions.com.

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