Dollar Tree completes acquisition of 170 99 Cents Only stores to enhance market presence
Jun 22, 2024•over 1 year ago
Acquiring Company
Dollar Tree
Acquired Company
99 CENTS ONLY STORES LLC
Description
Dollar Tree has successfully acquired 170 locations from 99 Cents Only stores, signaling a major growth initiative for the brand. This strategic expansion allows Dollar Tree to rapidly grow its brand across the western United States, reaching even more customers and communities. The newly acquired stores are scheduled for a fall 2024 reopening, offering a mix of products from both brands to continue providing affordable shopping options.
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