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Atlas Holdings Acquires Herff Jones Graduation Business From Varsity Brands

Oct 02, 2023•about 2 years ago

Acquiring Company

Atlas Holdings

Acquired Company

Herff Jones

GreenwichFinanceFinancial ServicesInvestment ManagementEducationFashion

Description

Atlas Holdings announced today the closing of the previously announced acquisition of the Herff Jones Graduation Business from Varsity Brands. Atlas also announced the promotion of Ron Stoupa, who begins today as Chief Executive Officer of the now independently operated company. Stoupa joined Herff Jones as Chief Marketing Officer in 2021 and was promoted to President in October 2022.

Company Information

Company

Atlas Holdings

Location

100 Northfield Street

Greenwich, Connecticut, United States

About

Atlas Holdings Corp. is a private equity firm specializing in the acquisition and management of companies across various sectors. Founded in 2002, it operates over 30 companies around the world. The firm focuses on enhancing operational efficiencies and unlocking value in its portfolio.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
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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