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Hestia Venture Partners Acquires Ag Tech Property

Aug 30, 2023almost 2 years ago

Acquiring Company

Hestia

Acquired Company

Ag Tech Property

Real Estate

Description

Hestia Venture Partners, a venture firm investing at the intersection of prop tech and climate tech, as well as in targeted real estate assets, announced the acquisition of Davis Research Station, an ag tech research facility in Davis, CA. The 40-acre property encompasses office, lab and greenhouse space, plus significant acreage for row crops. The facility sits adjacent to University of California, Davis, which is ranked among the best universities in the world for agriculture and food science and is the source of much innovation and many start-ups in those fields.

Company Information

Company

Hestia

About

Hestia Venture Partners is dedicated to fostering the low-carbon transition through investment at the intersection of prop tech and climate tech, as well as in targeted real estate assets. For more information, please visit www.hestiaventurepartners.com/ CONTACTS Rebecca Stafford, Founding PartnerHestia Venture PartnersEmail: info@hestiaventurepartners.com SOURCE Hestia Venture Partners

FundzWatch™ Score

82
High M&A Activity

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