logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Rci Announces Acquisition Of Adult Nightclub In Odessa, Tx

Jul 22, 2022•over 3 years ago

Acquiring Company

RCI Hospitality Holdings

Acquired Company

Adult Nightclub

HospitalityFood and BeverageFood And Beverage

Description

RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced closing on purchase agreements that will enable subsidiaries to open a third adult nightclub in Ector County, TX, right off busy State Highway Loop 338.

Company Information

Company

RCI Hospitality Holdings

About

RCI Hospitality Holdings, Inc. is the country's leading company in adult nightclubs and sports bars-restaurants with more than 60 locations. It operates high-end clubs with restaurants in major cities and recently launched a 5-Year 'Back to Basics' Capital Allocation Plan.

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