Acquiring Company
LT Apparel Group
Acquired Company
Elder Manufacturing Company
Description
LT Apparel Group has announced its acquisition of Elder Manufacturing Company, enhancing its leadership in the school uniform sector. This strategic move aims to bolster LT's growth by leveraging Elder's extensive network and product offerings. The acquisition signifies a milestone for both companies, aligning their visions for future expansion in the market. Elder's 100-year legacy will complement LT Apparel's commitment to quality and service.
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