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Likewise Partners Announces Acquisition Of $7.0 Million Industrial Portfolio

Jun 01, 2023•over 2 years ago

Acquiring Company

Likewise Partners

Acquired Company

7.0 Million Industrial Portfolio

Real Estate

Description

Likewise Partners, LLC today announced Likewise Partners Industrial Fund I, LLC acquired the Engman-Taylor Industrial Portfolio consisting of 79,152 square feet in three-buildings located in Menomonee Falls, WI, Appleton, WI, and Machesney Park, IL for $7.0 million. The Likewise Wisconsin industrial holdings now total 500,000 square feet with an additional 1.5 million square feet of development capacity. Likewise targets industrial investment and development in Midwest markets including Minneapolis, Milwaukee, Madison, Des Moines, and Grand Rapids.

Company Information

Company

Likewise Partners

About

Likewise Partners is an emerging advisor specializing in Midwest industrial real estate investment and development. Likewise was founded in 2020 by real estate veteran Steven Buss after a 25-year career at real estate brokerage firms CBRE and Jones Lang LaSalle. The firms' principals have completed over 130 industrial transactions totaling 44 million square feet. Likewise Partners Industrial Fund I, LLC is advised by Steven Buss and Paul Koch. Paul Koch serves as a Director of The MPX Group, a Golden Valley, MN marketing, design, specialty printing and promotional products company and is a Business Consultant for Reese CPA Firm. SOURCE Likewise Partners, LLC

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