Furniture Marketing Group Announces Strategic Acquisition Of Contract Associates To Enhance Growth In Southwest Region
Dec 01, 2023•about 2 years ago
Acquiring Company
Furniture Marketing Group, Inc.
Acquired Company
Contract Associates
Description
Furniture Marketing Group (FMG), a premier provider of commercial furniture solutions, proudly announces the acquisition of Contract Associates, a well-established contract furniture dealer with locations in Albuquerque, NM, and El Paso, TX.
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