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
- Industry
- Consumer Products
- Location
- United States
- Transaction Type
- Buyout
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