Turning Rock Partners Announces Financing To Support Harlan Bakeries' Growth Acquisition Of Ameriqual Group Holdings
Aug 18, 2021•over 4 years ago
Acquiring Company
Turning Rock Partners
Acquired Company
AmeriQual Group Holdings
Description
Turning Rock Partners ("TRP" or "Turning Rock") announces the closing of a structured equity financing to support Harlan Bakeries LLC's acquisition of AmeriQual Group Holdings, LLC. Existing shareholders and management also participated in the new round of capital. AmeriQual is a privately held food company based in Evansville, IN.
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