Miles Ahead Brands completes acquisition of Statewide Materials to revolutionize aggregate distribution
Jun 20, 2024•over 1 year ago
Acquiring Company
Miles Ahead Brands
Acquired Company
Statewide Materials
Description
Miles Ahead Brands is excited to announce the acquisition of Statewide Materials, a well-established aggregate production and distribution company. This strategic partnership aligns with Miles Ahead Brands' mission to elevate the aggregate distribution industry and to accelerate the world's infrastructure by revolutionizing logistics for construction materials through their connected network and innovative solutions.
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