Global-e Acquires ReturnGo to Enhance Post-Purchase Experience

Global-e Online Ltd. to Acquire Passport Global Inc.

May 26, 2026

IT Services

Global-e Online Ltd. entered into a definitive agreement to acquire Passport Global Inc., a US-based cross-border e-commerce logistics and solutions company, for $350 million in upfront consideration plus up to $75 million contingent consideration. The deal is expected to close in early July 2026, subject to customary closing conditions and regulatory approvals.

Everest Group LLC Acquires Glew.io

March 10, 2026

Data & Analytics

Everest Group LLC acquired e-commerce commerce data and analytics platform Glew.io. IT ExchangeNet served as exclusive M&A advisor to Glew.io, and the acquisition expands Everest’s technology portfolio with an e-commerce analytics and BI platform.

UPS Acquires Happy Returns from PayPal

October 25, 2023

Transportation

UPS has agreed to acquire Happy Returns, a U.S.-based software and reverse logistics company, from PayPal. The deal (terms undisclosed) will fold Happy Returns' no-box, no-label returns platform and drop-off network into UPS's package network and The UPS Store footprint — expanding box-free return availability to more than 12,000 U.S. locations; Happy Returns CEO David Sobie will continue to lead the business. The acquisition is expected to close in the fourth quarter of 2023, subject to customary conditions and regulatory approvals.

Global-e Acquires Flow Commerce

November 24, 2021

E-Commerce

Global-e has agreed to acquire Flow Commerce, a Hoboken-based cross-border e-commerce software provider, for up to approximately $500 million (cash and stock). The deal expands Global-e's capabilities and addressable market to serve small and emerging direct-to-consumer brands, and broadens its relationship with Shopify.

Affirm Holdings Acquires Returnly

April 21, 2021

Payments & Fintech

Affirm Holdings, Inc. announced a definitive agreement to acquire Returnly for approximately $300 million in cash and equity. The acquisition brings Returnly's post-purchase payments and digital returns platform (serving >1,800 merchants and 8+ million shoppers) into Affirm to expand its merchant payment offerings and improve post-purchase experiences.

Global Blue Acquires ZigZag Global from Circularity Capital

March 8, 2021

Software

Global Blue has acquired ZigZag Global Limited, a UK-based SaaS returns-management platform, from Circularity Capital. The acquisition gives Global Blue additional post-purchase and returns management capabilities to expand its retailer solutions and accelerate ZigZag's international growth.