Glacierpoint Enterprises Acquires Southern Ice Cream And Gourmet Foods
Jun 30, 2022•about 3 years ago
Acquiring Company
GlacierPoint Enterprises
Acquired Company
Southern Ice Cream and Gourmet Foods
Description
GlacierPoint Enterprises, Inc. (“GlacierPoint”), a portfolio company of Mill Point Capital LLC (“Mill Point”) and the parent company of E&M Logistics, Jack & Jill, A. Panza & Sons and Gillette Creamery, announced today that it has acquired Southern Ice Cream and Gourmet Foods (“Southern”), a full-service distributor of ice cream and related products throughout the Carolinas.
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