KKR completes acquisition of Portfolio of Six Class A Industrial Warehouses Across the U.S.
Aug 19, 2024•over 1 year ago
Acquiring Company
KKR
Acquired Company
Portfolio of Six Class A Industrial Warehouses Across the U.S
Description
Leading global investment firm KKR has announced the acquisition of a portfolio of six well-located, Class A industrial logistics properties in major U.S. Gateway and Sunbelt markets for approximately $377 million. The addition of this approximately two million square foot (SF) portfolio brings KKR’s total warehouse acquisitions in the U.S. to nearly six million SF since the start of the year.
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