E-Commerce Acquisitions in Arizona

RumbleOn, Inc. completed the acquisition of RideNow, acquiring 100% of the RideNow dealership portfolio to form a combined omnichannel powersports platform. The transaction consideration is up to $575.4 million (approximately $400.4 million cash and $175.0 million in RumbleOn Class B common stock) and was financed in part by a $280.0 million term loan commitment from funds managed by Oaktree Capital Management; the combined pro forma business sold more than 63,000 units in 2020 and generated approximately $1.3 billion in revenue.

Cart.com, an e-commerce-as-a-service (ECaaS) provider, has acquired Cheap Cheap Moving Boxes (CCMB), a Phoenix-based direct-to-consumer moving box brand. The acquisition expands Cart.com's supply chain, fulfillment and packaging capabilities, giving its merchants access to faster, lower-cost shipping and customizable packaging solutions; terms were not disclosed.

Playboy Enterprises, Inc. (under parent PEI Holdings) acquired Phoenix-based e-commerce retailer Yandy.com on February 24, 2020. The acquisition expands Playboy's direct digital audience and e-commerce capabilities by adding Yandy's apparel, lingerie, swimwear and costume business and operations.