Acquiring Company
GlacierPoint Enterprises
Acquired Company
Marina Ice Cream Corp
Description
GlacierPoint Enterprises, Inc. (“GlacierPoint”), a portfolio company of Mill Point Capital LLC (“Mill Point”) and parent company of E&M Logistics, Jack & Jill, Panza & Sons, Gillette Creamery and Southern Ice Cream, announced today that it has acquired Marina Ice Cream Corp. (“Marina”), a full-service direct store delivery (“DSD”) distributor of ice cream and other food & beverage products in the New York Metro area.
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