Acquiring Company
Produce Supply
Acquired Company
Bandwagon Brokerage
Description
Wholesale Produce Supply LLC ("Wholesale Produce Supply", "WPS" or the "Company"), a leading fresh produce logistics and inventory management solutions provider and a Cross Rapids Capital portfolio company, today announced that it has acquired Bandwagon Brokerage LLC ("Bandwagon"), a specialty produce company. The acquisition is complementary, as it allows both companies to grow by broadening the portfolio of products and services they offer to customers as well as by broadening their customer bases. Bandwagon's founder, owner and President, Mr. Dennis Berman, will continue to run the business and has become an investor in WPS as part of the transaction.
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