Mohawk Group Acquires Assets of Mueller, Pursteam, Pohl & Schmitt and Spiralizer

December 1, 2020

Mohawk Group Holdings, Inc. acquired the assets of e-commerce brands Mueller, Pursteam, Pohl & Schmitt and Spiralizer from 9830 Macarthur LLC, ZN Direct LLC, and Reliance Equities Group, LLC. Consideration included $25.0 million in cash, 4,220,000 shares of Mohawk common stock and a promissory note of approximately $15.8 million, and the acquired brands reported combined unaudited trailing twelve month revenue of ~$77.5 million and operating income of ~$13.1 million as of September 30, 2020.

Buyers
Mohawk Group Holdings, Inc.
Targets
Mueller, Pursteam, Pohl & Schmitt, Spiralizer
Sellers
9830 Macarthur LLC, ZN Direct LLC, Reliance Equities Group, LLC
Location
United States
Transaction Type
Buyout

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