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Former Fortune 50 Ceo Acquires Major Stake In The Peach Cobbler Factory

Apr 26, 2022•over 3 years ago

Acquiring Company

Fortune

Acquired Company

Peach Cobbler Factory

New YorkPublishingFashionE CommerceGovernment And Military

Description

Lawrence R. (Larry) Johnston, Former Chairman & CEO of Albertsons Inc. has acquired a major stake in the "Peach Cobbler Factory Franchise Company LLC" one of America's fastest growing dessert franchises.

Company Information

Company

Fortune

Location

New York, New York, United States

About

FORTUNE is a global media organization dedicated to helping its readers, viewers, and attendees succeed big in business through unrivaled access and best-in-class storytelling. We drive the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today—and that will matter even more tomorrow. With the trusted power to convene and challenge those who are shaping industry, commerce and society around the world, FORTUNE lights the path for global leaders—and gives them the tools to make business better.

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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