O'Neill Vintners & Distillers Acquires Wellness Category Leader, Fitvine Wine
Nov 10, 2022•about 3 years ago
Acquiring Company
O'NEILL VINTNERS & DISTILLERS
Acquired Company
WELLNESS CATEGORY LEADER
Description
O'Neill Vintners & Distillers, a B Corp certified company, has acquired FitVine Wine, the category leader in the wellness segment, positioned to appeal to consumers that want to live an active and balanced life. The acquisition of FitVine further extends O'Neill Vintners & Distillers portfolio of brands in the growing super-premium wine segment.
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