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K1 Speed completes acquisition of Grand Prix New York to expand Northeast expansion

May 24, 2024over 1 year ago

Acquiring Company

K1 Speed

Acquired Company

Grand Prix New York

New YorkSportsEvent ManagementEvents

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.

Company Information

Company

K1 Speed

About

Welcome to K1 Speed, the world's premier indoor go kart racing operator since 2003 with over 74 locations worldwide. Race an all-electric go kart today!

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