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Investcorp Acquires Majority Stake In Sunrise Produce, A Leading Wholesale Produce Distributor

Oct 04, 2022•about 3 years ago

Acquiring Company

InvestNet

Acquired Company

Sunrise Produce

New YorkFullertonSustainabilityInformation TechnologyData And AnalyticsSoftwareFood And BeverageRetailAgriculture and Farming

Description

Investcorp, a leading global alternative investment firm, today announced its acquisition of a majority stake in Sunrise Produce ("Sunrise," or "the Company"), a leading wholesale produce distribution company based in Southern California. Terms of the acquisition were not disclosed.

Company Information

Company

InvestNet

Location

New York, United States

About

InvestNet, LLC is a private equity and business operations firm that has launched HOLD.co, a division focused on multipreneurship, acquiring, and managing a diverse portfolio of businesses. The company aims to empower General Partners, Limited Partners, entrepreneurs, and business operators to create sustainable success in the business world.

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