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Ed Morse Automotive Group Acquires Four Dealerships In Iowa

Mar 08, 2022•almost 4 years ago

Acquiring Company

Ed Morse Automotive Group

Acquired Company

Ford Dealership

Delray BeachMotor Vehicle Manufacturing

Description

The Ed Morse Automotive Group announced today that it has acquired four dealerships and a parts center in Muscatine and DeWitt, Iowa. Ed Morse Automotive Group purchased the dealerships from Kreiger Motor Company.

Company Information

Company

Ed Morse Automotive Group

Location

Delray Beach, Florida, United States

About

The Morse family has been in the automotive business since 1946 when Ed Morse founded Morse Motors. Over 75 years later, Ed's grandson, Chairman/CEO Teddy Morse continues to build on the legacy and family tradition. Headquartered in Delray Beach, Florida and with recent acquisitions into Texas, Missouri, Illinois and Oklahoma, Ed Morse Automotive Group is considered to be one of the nation's fastest growing and most respected automotive dealer groups. www.edmorse.com SOURCE Ed Morse Automotive Group

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