Terra Property Trust Acquires 5.2% Stake In Ag Mortgage Investment Trust To Unlock Value
Jul 25, 2023•over 2 years ago
Acquiring Company
Terra Property Trust
Acquired Company
AG Mortgage Investment Trust
Description
Terra Property Trust, Inc. ("TPT"), a real estate investment trust externally managed by a subsidiary of Mavik Capital Management, LP ("Mavik"), today announced that it has acquired approximately 5.2% of the outstanding shares of common stock of AG Mortgage Investment Trust, Inc. (NYSE: MITT) ("MITT") as of July 24, 2023, making TPT the second-largest stockholder of MITT.
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