logo
logo

Correcting And Replacing Strategic Retail Partners (Srp) Announces Asset Purchase Of Mobilessentials

Mar 02, 2022•over 3 years ago

Acquiring Company

Strategic Retail Partners

Acquired Company

MobilEssentials

Commerce And Shopping

Description

Please replace the release with the following corrected version due to multiple revisions.

Company Information

Company

Strategic Retail Partners

About

Strategic Retail Partners (SRP) is a leading North American provider of consumer products and single-source retail solutions to more than 50,000 retail outlets spanning the convenience store, truck & travel, theme parks & resorts, sporting good, grocery and travel channels. With approximately 1,000 teammates and seven distribution centers, the company provides route-based direct-store-delivery (DSD) services and specializes in product innovation, supply chain optimization and data analytics. SRP delivers value for its customers within a wide range of product categories including electronics, eyewear, plush toys and other essential consumer products. SRP’s portfolio includes proprietary brands such as Solaray, Pugs, Celltronix and Cloudz, alongside a variety of licensed products, as well as a family of companies, including Fiesta, Global, Aerial Bouquets, MobilEssentials, SRPi and SRP Canada. For more information about Strategic Retail Partners, visit: www.srpcompanies.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