Pearl Street Equity Acquires Famous Brands Franchising Business, Parent Company Of Iconic Brands Mrs. Fields® And Tcby®
Oct 29, 2023•about 2 years ago
Acquiring Company
Pearl Street Equity
Acquired Company
Famous Brands International
New YorkBroomfieldFinancial ServicesInformation TechnologyFood And BeverageRetailDescription
Pearl Street Equity LLC (or “Pearl Street”) and its affiliates today announced the successful acquisition of Famous Brands International franchising business (“Famous Brands Franchising”), the parent company of two internationally renowned brands, Mrs. Fields® and TCBY®. Financial terms of the transaction were not disclosed.
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