West Lane Capital And Wheel Capital Partners Acquire Epicurean Catering
Feb 23, 2023•almost 3 years ago
Acquiring Company
West Lane Capital Partners
Acquired Company
Epicurean Catering
Description
West Lane Capital Partners, LLC ("West Lane"), a Los Angeles based private equity firm, in partnership with Wheel Capital Partners, LLC ("Wheel Capital"), a Las Vegas based private equity firm, has acquired a majority interest in Epicurean Catering LLC ("Epicurean" or the "Company"). David Friedman, with over 25 years' experience in the foodservice industry, has been named Chief Executive Officer of the business. Terms of the transaction were not disclosed.
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