K1 Speed completes acquisition of Grand Prix New York to expand Northeast expansion
May 24, 2024•over 1 year ago
Acquiring Company
K1 Speed
Acquired Company
Grand Prix New York
Description
K1 Speed, the world's largest indoor go kart racing operator, has acquired Grand Prix New York in Mount Kisco, New York, marking the first of four new centers the company will add in the region this year as part of their Northeast expansion. This acquisition furthers K1 Speed's commitment to making indoor kart racing more accessible and affordable, bringing its unique entertainment concept to more consumers in the Northeast.
M&A Insights
Based on deal dataIntegration timeline
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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
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