E-Commerce Acquisitions in Michigan

The FNA Group, a Pleasant Prairie, Wisconsin-based manufacturer of pressure washers, pumps and outdoor power equipment, has acquired Allparts Equipment & Accessories Inc., a Michigan-based aftermarket parts distributor. The acquisition adds Allparts' replacement-parts catalog, technical support team and high-velocity fulfillment capabilities to FNA's aftermarket and distribution strategy to accelerate product availability and customer service.

BAXUS, a blockchain-enabled marketplace for wine and spirits, has acquired BoozApp, a mobile app that tracks pricing and values for tens of thousands of liquor bottles and serves over 100,000 users. The acquisition will integrate BoozApp's pricing transparency and collection-tracking features into BAXUS's marketplace and custody/insurance services to expand capabilities and reach among casual buyers, collectors and retailers.

Teamshares, an employee-ownership platform based in New York, acquired Maggie's Organics of Dexter, Michigan, an organic apparel and home goods brand founded by Bená Burda. The transaction facilitates founder exit/retirement and transitions ownership toward employees (18 employees will own 10%), preserving Maggie's sustainable, fair-trade mission.

Guardian Capital Partners (Guardian) invested in Flat River Group, a Belding, Michigan–based eCommerce distributor, partnering with the company's executive management team in a majority recapitalization. Centerfield Capital Partners provided additional financing and minority equity, with CIBC Bank USA providing senior financing; Guardian and management plan to grow the business through investments in infrastructure, capabilities and add-on acquisitions.