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Centennial Announces Acquisition Of Bayer Properties Operating

Aug 04, 2022•over 3 years ago

Acquiring Company

Centennial

Acquired Company

Bayer Properties

DallasReal EstateHospitalityConstructionReal Estate

Description

Real Estate Investment Firm Significantly Expands Management and Leasing Portfolio, Creates Industry’s Best Playbook for Dominant Mixed-Use and Retail Real Estate

Company Information

Company

Centennial

Location

8750 N. Central Expressway

Dallas, Texas, United States

About

Centennial is a retail real estate owner and operator with a national portfolio of shopping, dining, entertainment and mixed-use destinations as well as a full-service property management platform serving third-party owners. With over 300 employees nationwide, the firm now operates 22 million square feet of mixed-use destinations in 15 states. Since 1997, Centennial has played a pivotal role in shaping the evolution of American retail by creating a superior multi-faceted shopping experience with properties that serve not only as a place of commerce, but as a place of community.

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