Acquiring Company
Grove Collaborative
Acquired Company
8Greens
Description
Grove Collaborative has completed the acquisition of substantially all assets of 8Greens, enhancing its foothold in the wellness sector. This strategic move enables Grove to expand its product offerings and better serve health-conscious customers. Dawn Russell, founder of 8Greens, will join Grove as a consultant post-acquisition. 8Greens products will be available through Grove's marketplace starting April 2025.
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