Sonsray Machinery Acquires Booth Machinery

Oct 23, 2021•almost 4 years ago

Acquiring Company

Sonsray

Acquired Company

Booth Machinery

Other

Description

Sonsray Machinery, the largest CASE Construction dealership on the west coast, has acquired the Case IH agriculture equipment dealership, Booth Machinery. The official announcement was made in Torrance, CA on September 30, 2021.

Company Information

Company

Sonsray

About

Sonsray was established in 2010 when the founders saw a need to support refrigerated transportation customers. From here, Sonsray expanded into the construction Industry and deepened their involvement in the refrigerated transport industry. With Sonsray newly supporting the agriculture industry, it is now a true farm to table business. As a result of acquiring Booth Machinery, Sonsray now has 32 locations and is growing. www.sonsray.com SOURCE Sonsray Machinery

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