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Turk & Company Announces Acquisition Of Trident Abstract Title Agency, Llc By Oceanfirst Financial Corp.

Feb 04, 2022•over 3 years ago

Acquiring Company

TURK

Acquired Company

TRIDENT ABSTRACT TITLE AGENCY

Description

Turk and Company, announced today that its client OceanFirst Financial Corp. (NASDAQ:"OCFC"), the holding company for OceanFirst Bank N.A. has signed an agreement to acquire a majority interest in Trident Abstract Title Agency, LLC ("Trident") with the right to acquire 100%. The transaction is expected to close on March 1, 2022. Upon closing, Trident will operate as an independent subsidiary of the Company. Turk and Company served as the exclusive investment banker to OceanFirst.

Company Information

Company

TURK

Location

W Mission Rd

About

Free shipping & returns on Mr. Turk's collection of designer men's clothing over $100. Shop the full line of men's fashion swimwear & apparel for exceptional style!

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