Lithia & Driveway (Lad) Acquires First Ferrari Store, Representing The Rocky Mountain Region
Dec 06, 2022•about 3 years ago
Acquiring Company
Lithia & Driveway
Acquired Company
Ferrari Store
Description
Lithia & Driveway (NYSE: LAD) announced today they have expanded into Colorado, purchasing Ferrari of Denver, the Company's first Ferrari store.
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