Fortune International Acquires New Orleans Fish House, Leading Supplier Of Fresh Seafood To Top Restaurants In New Orleans And The Gulf Region
Jul 18, 2022•almost 3 years ago
Acquiring Company
Fortune International
Acquired Company
New Orleans Fish House
Description
Fortune International, LLC (“Fortune” or the “Company”), the country’s leading processor, distributor and importer of quality seafood, meats and gourmet products, today announced the acquisition of New Orleans Fish House, LLC (“NOFH”), a leading supplier of quality wholesale seafood and specialty products to top chefs and restaurants in New Orleans and throughout the Gulf South. As part of today’s sale, NOFH owners Bill Borges, Brett Borges and Cliff Hall will remain with Fortune. Terms of the transaction were not disclosed.
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