Kiterocket Acquires Action Mary To Bolster Leadership And Broaden Capabilities
Aug 03, 2023•over 2 years ago
Acquiring Company
Kiterocket
Acquired Company
Action Mary
Description
Kiterocket, a PR-forward, full-service communications and marketing agency, today announced it has acquired Action Mary, a Seattle-based PR agency known for creative integrated brand campaigns and social impact marketing. As part of the transaction, Action Mary will bring all its clients and staff to Kiterocket, including industry veterans Patrick McGuire and Melanie Wilhoite, who join Kiterocket’s leadership team as vice chair and senior director of planning, respectively.
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