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Vast Coworking Group™ Acquires Intelligent Office®, Strengthening Itself As The World'S Largest Privately-Owned Franchisor Of Coworking Spaces

RECENTLY ACQUIREDJan 08, 2024•over 2 years ago

Acquiring Company

Vast Coworking Group

Acquired Company

Intelligent Office

West Palm BeachDenverExecutive OfficesExecutive Offices

Description

Vast Coworking GroupTM (Vast), the world's largest privately-owned franchisor of coworking spaces, announced today that it has acquired Intelligent Office®, a pioneering concept within the flexible workspace industry. Through the acquisition, Intelligent Office, combined with sister brands Office Evolution® and Venture X®, elevates Vast to the third largest coworking network globally.

Company Information

Company

Vast Coworking Group

Location

West Palm Beach, Florida, United States

About

Vast Coworking GroupTM is comprised of Office Evolution, Venture X, and Intelligent Office and specializes in franchising within the coworking industry, offering solutions, expertise, and shared service options within the flexible workspace franchise community. It is the world's largest privately-owned franchisor of coworking spaces and the third-largest network globally. Part of the Starpoint BrandsTM division of United Franchise GroupTM (UFG), Vast Coworking Group was founded in 2023 by Ray Titus, founder and CEO of UFG, with the express intention of building a framework to connect a variety of coworking brands, services, and amenities within the coworking industry, providing the largest privately owned affiliated franchise network of flexible, professional, and shared office space options on the planet. For more information, visit www.vastcoworking.com. Media Contact:Caitlin Willard cwillard@tilsonpr.com SOURCE Vast Coworking GroupTM

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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