Acquiring Company
Advantus
Acquired Company
Charles Leonard
Description
Advantus Corp., a privately-held manufacturer of consumer, commercial, and durable goods, announced today that it has acquired Charles Leonard, Inc., a leading provider of school, office and art supplies.
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