Acquiring Company
Sun Auto Tire & Service
Acquired Company
Piedmont Radiator and Tire
Description
Sun Auto Tire & Service has announced its acquisition of Piedmont Radiator and Tire located in King, North Carolina. This move follows a series of previous acquisitions aimed at expanding their automotive service offerings. The partnership will continue to uphold the customer service legacy of Piedmont Radiator and Tire. Both companies express commitment to nurturing existing customer relationships and community ties.
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