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Greenbriar Equity Group Announces Acquisition Of Towne Park

Jul 05, 2023•about 2 years ago

Acquiring Company

Greenbriar

Acquired Company

Towne Park

Plymouth MeetingHotelHospitality

Description

Greenbriar Equity Group, L.P. ("Greenbriar"), announced that funds managed by Greenbriar completed an acquisition of Towne Park ("Towne Park" or the "Company"), a leading parking and hospitality solutions provider, from TA Associates ("TA"). Financial terms of the private transaction were not disclosed.

Company Information

Company

Greenbriar

About

Founded in 1999, Greenbriar is a middle market private equity firm, with more than $6 billion of aggregate capital commitments across its five funds, focused on investments in market-leading services and manufacturing businesses. Greenbriar looks to identify companies with proven management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar's deep sectoral expertise and strategic insight alongside our proven operating capabilities and network of senior executive relationships. For more information, please visit www.greenbriarequity.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