Westbridge Capital Ltd. Acquires sliBuy Inc.
June 3, 2022
Westbridge Capital Ltd. has completed the acquisition of sliBuy Inc., a Shorewood, Illinois-based no-reserve online auction marketplace that purchases and resells store-level inventory from major US retailers. Founder Michael Ringelsten will remain as a shareholder and director, and Steve Fitzgerald has been appointed CEO; Westbridge says it will provide financial and operational support to accelerate growth and diversify its portfolio.
- Buyers
- Westbridge Capital Ltd.
- Targets
- sliBuy Inc.
- Sellers
- Michael Ringelsten
- Industry
- E-Commerce
- Location
- Illinois, United States
- Transaction Type
- Buyout
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