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Global Diversified Marketing Group Acquires The Hula Fit Ecommerce Assets

Sep 06, 2022•almost 3 years ago

Acquiring Company

Global Diversified Marketing Group

Acquired Company

Hula Fit Ecommerce Assets

Description

Global Diversified Marketing Group Inc., a Delaware corporation (the “Company”; OTC: GDMK) is pleased to announce that it has acquired The Hula Fit ecommerce site which sells fitness equipment and athletic apparel. The Hula Fit utilizes a business model where stocking inventory in our warehouse is not required and where orders are drop shipped directly to customers. The acquisition was unanimously approved by the company’s independent board of directors.

Company Information

Company

Global Diversified Marketing Group

About

Headquartered in Island Park, NY - Global Diversified Marketing Group Inc operates as a diversified holdings company through several divisions with one of its divisions as a global multi-line consumer packaged goods (“CPG”) with branded product lines. Another division is involved with acquiring ecommerce assets as well as private businesses in various verticals and scales them up.

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