Landpark Advisors Acquires Reliance Property Resources, Enhancing Portfolio With Additional Management And Leasing Assignments
Aug 08, 2023•about 2 years ago
Acquiring Company
LandPark Advisors
Acquired Company
Reliance Property Resources
Real Estate InvestmentCommercial Real EstateProperty ManagementReal Estate
Description
LandPark Advisors, a leading commercial real estate management, leasing and investment firm, announced today the acquisition of the assets of Reliance Property Resources, a well-respected property management and leasing company based in Houston, Texas.
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