Acquiring Company
Stone Oak Property Management
Acquired Company
Hope Properties
Description
Industry leader Stone Oak Property Management announced the acquisition of Hope property management in Austin, Texas on August 31, 2022. Hope properties was headquartered in Round Rock, Texas and managed homes throughout Central Texas. Their offices will close and merge with Stone Oak's office in North Austin. The recent acquisition of Hope Properties brings Stone Oak's Assets Under Management to nearly $350 Million.
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