Snow Joe® Acquires Slick Products® --Deepens Expansion Into Automotive Cleaning & Detailing Sector
Mar 31, 2022•over 3 years ago
Acquiring Company
Snow Joe
Acquired Company
Slick Products
OtherSoftware
Description
Snow Joe® (http://snowjoe.com), a technology-driven tools company that innovates and distributes high-quality, yet affordable, eco-conscious home, yard, garage, and lawn and garden gear, recently announced the strategic acquisition of Slick Products to its family of brands, which include Snow Joe®, Sun Joe®, Aqua Joe®, and Auto Joe®.
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