EMERGE Commerce Acquires WholesalePet.com (Retail Store Networks, Inc.)
November 16, 2021
EMERGE Commerce Ltd. acquired all issued and outstanding shares of Retail Store Networks, Inc. (dba WholesalePet.com), a profitable U.S.-based B2B e-commerce marketplace serving independent pet retailers. The transaction, announced November 16, 2021, was for up to US$25 million (combination of cash, shares, deferred consideration and earn-out) and expands EMERGE’s portfolio into the B2B pet vertical while adding a recurring, asset-light marketplace expected to be immediately accretive to EBITDA.
- Buyers
- EMERGE Commerce Ltd.
- Targets
- WholesalePet.com (Retail Store Networks, Inc.)
- Industry
- E-Commerce
- Location
- Virginia, United States
- Transaction Type
- Buyout
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