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Miles Ahead Brands completes acquisition of Statewide Materials to revolutionize aggregate distribution

Jun 20, 2024over 1 year ago

Acquiring Company

Miles Ahead Brands

Acquired Company

Statewide Materials

RiverviewTitusvilleTransportationLogisticsPrecious MetalsMiningManufacturing

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.

Company Information

Company

Miles Ahead Brands

Location

Riverview, Florida, United States

About

Miles Ahead Brands is a family of industry-leading aggregate distribution companies across the Southeast and Southwest. They are committed to accelerating the world's infrastructure by revolutionizing logistics for construction materials through their connected network and innovative solutions.

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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