EMERGE Commerce Acquires truLOCAL for up to $16.8M
December 31, 2020
EMERGE Commerce Ltd. (TSXV: ECOM) has acquired all outstanding shares of truLOCAL Inc., a Canadian direct-to-consumer meat subscription and marketplace, for up to CAD 16.8 million. The deal (effective December 31, 2020) included cash, EMERGE shares, deferred consideration and an earn-out, and brings a business with ~CAD 19.8M revenue (TTM) and operations in Kitchener, Vancouver, Calgary and Chicago into EMERGE's e-commerce portfolio.
- Buyers
- EMERGE Commerce Ltd.
- Targets
- truLOCAL Inc.
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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