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MJ TruckNation expands with acquisition of neighboring property and establishment of MJ Collision Center

Jul 09, 2024•over 1 year ago

Acquiring Company

MJ TruckNation

Acquired Company

Florida

Description

MJ TruckNation celebrates its 20th anniversary with the acquisition of the neighboring property on I-95 and the establishment of MJ Collision Center. The expansion underscores the company's commitment to providing comprehensive solutions to its valued customers, solidifying its position as a leader in the industry.

Company Information

Company

MJ TruckNation

Location

Florida, United States

About

MJ TruckNation is a cornerstone in the commercial truck industry with two decades of dedicated service, providing expertise in sales, service, and parts for esteemed brands such as Isuzu, Hino, and Fuso. The company takes great pleasure in announcing the acquisition of the neighboring property on I-95 and the establishment of a state-of-the-art commercial body shop, MJ Collision Center.

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