ICL Autos Employee Owned Family of dealerships acquires Seacoast Volkswagen to expand its presence in New England area
Jun 18, 2024•over 1 year ago
Acquiring Company
ICL Autos Employee Owned Family of dealerships
Acquired Company
Seacoast Volkswagen
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.
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