GTIS Partners LP Acquires Lot at Hardeeville Commerce Park for New Warehouse in Savannah MSA
Jun 04, 2024•over 1 year ago
Acquiring Company
GTIS Partners
Acquired Company
Lot 13 at Hardeeville Commerce Park
Description
GTIS Partners LP, a global real estate investment firm, has announced the acquisition of Lot 13 at Hardeeville Commerce Park in Hardeeville, South Carolina. The acquired 26.5-acre site is set to be developed into a 268,113 square foot rear load warehouse north of the Port of Savannah, strategically positioning GTIS to profit from the Port of Savannah's continued volume growth.
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