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Lippert Acquires Girard Systems And Girard Products Llc

Mar 28, 2022over 3 years ago

Acquiring Company

Lippert

Acquired Company

Lippert

Description

LCI Industries (NYSE: LCII) (the “Company”) which, through its wholly-owned subsidiary, Lippert Components, Inc. (“Lippert”), supplies, domestically and internationally, a broad array of highly engineered components for the leading original equipment manufacturers (“OEMs”) in the recreation and transportation product markets, and the related aftermarkets of those industries, today announced that its subsidiary, Lippert Components Manufacturing, Inc., has acquired substantially all of the business assets of Girard Systems and Girard Products LLC (collectively, “Girard”), a manufacturer and distributor of proprietary awnings and tankless water heaters for OEMs and aftermarket customers in the recreational vehicle, specialty vehicle, and related industries.

Company Information

Company

Lippert

About

From high-tech recreational vehicle products to trailblazing social initiatives, we are leading the way. LCI Industries supplies a broad array of highly engineered components and technology for the leading original equipment manufacturers (OEMs) and the related aftermarkets.

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