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California Tacos, Inc. Announces Plans To Acquire Onplate Mobile App

PRIVATESep 28, 2021over 4 years ago

Acquiring Company

California Tacos, Inc.

Acquired Company

OnPlate

MiddletownCommerce And ShoppingFood And BeverageFinancial ServicesSoftwareMedia And Entertainment

Description

California Tacos, Inc announced today that it has entered into a binding Letter of Intent to acquire “OnPlate,” a mobile app technology company.

Company Information

Company

California Tacos, Inc.

Location

400 S. Ridge Ave.

Middletown, Delaware, United States

About

California Tacos is a fast casual Southern California-inspired Mexican restaurant with a fresh and simple menu. Through its diversified business model, California Tacos is able to participate in the wildly popular fast-casual restaurant concept, a consumer product goods distribution channel with proven flavor profiles for the Bandito Hot Sauce, and a disruptive mobile app technology offered to all independent restaurants for a low fee to keep them competitive in an ever changing market. (caltacos.com) If you would like to receive Company news directly to your inbox, you can signup at the company website.

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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
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

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