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ICL Autos Employee Owned Family of dealerships acquires Seacoast Volkswagen to expand its presence in New England area

Jun 18, 2024over 1 year ago

Acquiring Company

ICL Autos Employee Owned Family of dealerships

Acquired Company

Seacoast Volkswagen

FreetownNew Hampshire

Description

ICL Autos Employee Owned Family of dealerships has completed the acquisition of Seacoast Volkswagen, a well-established dealership in Greenland, New Hampshire. The dealership will continue to operate at the same convenient location but will now be known as Portsmouth Volkswagen. This acquisition allows ICL Autos to further expand its presence in the vibrant and growing area of New Hampshire and partner with the incredible brand of Volkswagen.

Company Information

Company

ICL Autos Employee Owned Family of dealerships

Location

Freetown, Western Area Urban, Sierra Leone

About

ICL Autos Employee Owned Family of dealerships is an employee-owned company comprised of seven dealerships in the New England area. They focus on providing exceptional customer service, community support, and a great environment for their employees. The company offers a wide range of car models including Audi, Honda, Porsche, Kia, and Volkswagen, with a commitment to customer satisfaction and community support.

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