Vehicle Management Solutions LLC acquires Grant Street Companies, LLC to strengthen presence in Texas and enter Georgia markets
Mar 26, 2024•over 1 year ago
Acquiring Company
Vehicle Management Solutions
Acquired Company
Grant Street Companies
Description
Vehicle Management Solutions LLC, a leading provider of end-to-end vehicle management solutions, has announced the acquisition of Grant Street Companies, LLC, a leading provider of police and private property impound vehicle storage management. This strategic acquisition fortifies VMS' position as the leading player in vehicle management services in Texas and marks its entry into the high-growth Georgia market, allowing VMS to provide even greater value to customers across both states.
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