Suma Brands Merges with D1 Brands to Form The Ambr Group
May 23, 2023
Suma Brands has merged with D1 Brands to create The Ambr Group, an omnichannel e-commerce platform that combines both teams and a portfolio of more than 30 businesses generating over $100 million in annual revenue. The combined company also raised new equity financing from investors including CoVenture, Material, and Pace Capital and secured a $125 million credit facility to continue consolidating Amazon FBA businesses.
- Buyers
- Suma Brands, CoVenture, Material, Pace Capital
- Targets
- D1 Brands
- Industry
- E-Commerce
- Location
- United States
- Transaction Type
- Growth capital
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