NextPlat Acquires Outfitter Satellite Inc.
March 26, 2024
NextPlat Corp (NASDAQ: NXPL) agreed to acquire Outfitter Satellite Inc., a Nashville-based seller of satellite connectivity products and services, in an all-cash transaction expected to close April 1, 2024. The acquisition expands NextPlat’s North American technology e‑commerce business, is expected to more than double its North American product sales and recurring revenue, and will integrate Outfitter’s operations and warehousing onto NextPlat’s global e‑commerce platform.
- Buyers
- NextPlat Corp
- Targets
- Outfitter Satellite Inc.
- Industry
- Telecommunications
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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