Island Global Yachting Acquires Fairport Yacht Support And Launches Igy Trident, An Innovative Global Yacht Management And Destination Membership Program
Oct 28, 2021•about 4 years ago
Acquiring Company
ISLAND GLOBAL YACHTING
Acquired Company
FAIRPORT YACHT SUPPORT
Description
Island Global Yachting (“IGY”) has acquired a controlling interest in Fairport Yacht Support (“Fairport”), an industry leading yacht management company providing an array of essential asset management services for yacht owners. The combination of IGY and Fairport creates the only full-service solution for superyacht owners worldwide.
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