Floor & Decor Subsidiary Acquires Salesmaster Flooring Solutions To Expand Commercial Business In The Northeast
Jun 07, 2023•over 2 years ago
Acquiring Company
Floor & Decor
Acquired Company
Salesmaster Flooring Solutions
Description
Floor & Decor (NYSE: FND) today announced its wholly owned subsidiary Spartan Surfaces had acquired Salesmaster Flooring Solutions, a leading flooring and installation supplies distributor servicing the Northeastern part of the United States. Headquartered in Deer Park, New York, the company has approximately 80 employees and will operate as a part of Spartan Surfaces.
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