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Revolve Acquires 100% Of Centrica Business Solutions With Operating Assets And Recurring Revenue Stream

Aug 29, 2022almost 3 years ago

Acquiring Company

Revolve

Acquired Company

Centrica Business Solutions

CerritosLifestyleRetailFashionE Commerce

Description

Revolve Renewable Power Corp. (TSXV: REVV) ("Revolve" or the "Company") is pleased to announce the completion of its purchase of a 100% interest in Centrica Business Solutions Mexico S.A. de C.V. ("CBS Mexico") as announced on May 26th, 2022. CBS Mexico, a Mexico-incorporated subsidiary of Centrica PLC (LSE: CLA), owns and operates six distributed generation projects, with a seventh under development, in Mexico.

Company Information

Company

Revolve

Location

Cerritos, California, United States

About

REVOLVE Group, Inc. is the fashion destination for the next-generation consumer, offering a wide range of apparel, footwear, accessories, and beauty styles. It is a trusted, premium lifestyle brand that delivers an engaging customer experience and connects a deeply engaged community of millions of consumers worldwide.

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

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