E-Commerce Acquisitions in Indiana

T.D. Jakes Enterprises has acquired e-commerce technology startup Castiron to power the launch of Nourysh, an all‑in‑one marketplace targeting underrepresented and under‑resourced entrepreneurs. Castiron’s technology will provide AI analytics, inventory and CRM tools, marketing automation, and payments support as TDJE scales the Nourysh platform through its Good Soil Movement community.

Patrick Industries, Inc. has acquired ICON Direct, Inc., which operates as RecPro.com, an e-commerce aftermarket platform focused on RV and marine parts. RecPro is expected to generate approximately $80 million in 2024 revenue and will continue to operate under its existing brand and facilities; the deal expands Patrick's aftermarket e-commerce capabilities and is expected to be accretive to net income per share.

POS Nation has acquired GrazeCart, an e-commerce technology provider built for farm-to-fork food suppliers. The acquisition brings GrazeCart's D2C e-commerce and subscription capabilities into POS Nation’s point-of-sale and distribution network to help farmers and food purveyors scale online sales.

Funds advised by Providence Equity Partners made a growth equity investment in Sweetwater, the Fort Wayne-based e-commerce retailer of musical instruments and audio equipment; financial terms were not disclosed. The investment is intended to accelerate Sweetwater's next phase of growth as the company — which reported roughly $1 billion in annual revenue and serves over 1.5 million customers — scales operations and expands its market reach.

Better World Libraries, a long-time partner of the Internet Archive, has acquired Better World Books, a mission-driven for-profit online bookseller. The organizations said Better World Books' offices, leadership, and operations will remain in place and selected deaccessioned titles will be routed into the Internet Archive's book-digitization program; terms were not disclosed.

Pittsburgh-based private equity firm 3 Rivers Capital has acquired Interlight, a family-owned online distributor of specialty and replacement light bulbs and batteries headquartered near Chicago. 3 Rivers Capital plans to partner with Interlight's existing management (the founder's three sons), install ecommerce veteran Jeffry Graham as CEO, and support growth through strategic and operational collaboration.