Acquiring Company
FleetPride
Acquired Company
Texas
Description
FleetPride, Inc. announced today that it has acquired the assets of National Truck Repair in Longview, Texas, which was founded in 2008 by Jim Head. Justin Head, Jim's son, will remain onboard as service manager. FleetPride will provide parts and service in the Longview market with added support from the FleetPride branch in nearby Kilgore, Texas.
M&A Insights
Based on deal dataIntegration 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