SpartanNash completes acquisition of Markham Enterprises, Markham Oil to expand fuel center and convenience store footprint
Oct 29, 2024•about 1 year ago
Acquiring Company
SpartanNash
Acquired Company
Markham Enterprises Markham Oil
Description
SpartanNash, a food solutions company, has announced its acquisition of Markham Enterprises, Markham Oil, and its affiliates. The acquisition aims to enhance SpartanNash's retail portfolio by adding three fuel centers and convenience stores to its footprint in mid-Michigan, aligning with the company's strategic growth plans.
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