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Dollar Tree completes acquisition of 170 99 Cents Only stores to enhance market presence

Jun 22, 2024over 1 year ago

Acquiring Company

Dollar Tree

Acquired Company

99 CENTS ONLY STORES LLC

ChesapeakeCommerceCommerce and Shopping

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.

Company Information

Company

Dollar Tree

Location

Chesapeake, Virginia, United States

About

Dollar Tree, Inc. is a Fortune 200 Company that operates 16,622 stores across 48 states and five Canadian provinces. It operates under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada.

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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