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Dessert Holdings Acquires Premium Dessert Maker Steven Charles

Jan 03, 2022•almost 4 years ago

Acquiring Company

Dessert Holdings

Acquired Company

Dessert Holdings

Real EstateReal Estate

Description

Dessert Holdings®, North America’s leading premium dessert company, today announced that it has acquired Steven Charles — A Dessert Company (“Steven Robert Original Desserts,” DBA “Steven Charles”), a maker of gourmet desserts supplying foodservice and retail customers across North America. The acquisition will provide Steven Charles with the platform and resources to continue to develop innovative dessert products at scale for its blue-chip customer base. Steven Charles will continue to be operated by its current management team led by President Rebecca O’Hara. Financial terms of the private transaction were not disclosed.

Company Information

Company

Dessert Holdings

About

Dessert Holdings® is North America’s premium dessert company, recognized for providing our retail and foodservice customers with chef-inspired innovative desserts made with real ingredients, a flexible supply chain, and best-in-class service. Based in St. Paul, Minnesota, Dessert Holdings is an umbrella organization of three premium dessert companies and brands: The Original Cakerie, Lawler’s Desserts and Atlanta Cheesecake Company. Together, the companies serve more than 250 customers in the United States, Canada, Mexico, the Caribbean, South America and Asia.

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