Veho Acquires QuikReturn to Expand Doorstep Returns Capabilities

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.

Vehlo Acquires Rapid Recon and Velocity Automotive

January 23, 2023

Software

Vehlo, a provider of software and financial solutions for the automotive repair industry, has acquired Rapid Recon and Velocity Automotive to extend its Dealership Fixed Ops customer experience suite into reconditioning-to-retail workflows. The acquisitions add Rapid Recon's reconditioning workflow automation and Velocity Automotive's digital merchandising tools, enabling Vehlo to provide end-to-end fixed ops solutions for dealers.

Vehlo Acquires Shop-Ware

March 13, 2024

Software

Vehlo, a provider of software and financial solutions for the automotive repair industry, has acquired Shop-Ware, a cloud-based shop management platform for independent repair shops. The acquisition expands Vehlo's aftermarket product suite with Shop-Ware's automation, customer communication (DVX) and ML-driven Parts GP Optimizer capabilities.

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.

Lever Technology Acquires Retriever

February 22, 2023

Cloud & SaaS

Lever Technology has acquired Retriever, a bootstrapped enterprise SaaS and logistics platform that automates device returns for remote employees. Retriever, founded in 2021 by former Dropbox engineers Annie Kramer and Alex Sydell, has been profitable with strong growth and thousands of customers; FE International served as sell-side advisor.

CitNOW Acquires Quik.

May 26, 2021

Cloud & SaaS

U.K.-based CitNOW, backed by investment firm Tenzing, has acquired Quik., a Quincy, Massachusetts-based cloud SaaS provider of digital multi-point inspections, technician video, parts pricing and integrated payments for auto dealerships. The deal expands CitNOW’s U.S. footprint in the dealer after-sales market and will allow development of the Quik. after-sales platform for OEM and dealer group partners in the U.K. and Europe. Quik. CEO Jack Gardner is stepping down; COO Chad Deaver will remain and report to CitNOW CEO Alistair Horsburgh.