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Prime Drink Group Corp. to acquire Triani Canada Inc. in a Proposed Transaction

May 08, 2024•over 1 year ago

Acquiring Company

Prime Drink Group Corp

Acquired Company

Triani Canada

MontrealTerrebonneBeverage Manufacturing

Description

Prime Drink Group Corp. (CSE: PRME) has announced the terms of a non-brokered private placement financing in connection with the proposed acquisition of Triani Canada Inc. The company intends to use the net proceeds of the private placement to fund the proposed transaction, to develop its business, and for working capital.

Company Information

Company

Prime Drink Group Corp

Location

Montreal, Quebec, Canada

About

Prime Drink Group Corp. is a publicly traded company (CSE: PRME) and a leading diversified beverage holding company with a focus on the production and distribution of alcoholic and non-alcoholic beverages across North America. The company is committed to unlocking the full potential of its acquisitions through combined expertise in sales, marketing, and production, aiming for a new era of growth.

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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