This acquisition doubles Profound Commerce’s topline revenue and contribution margin and brings operating leverage to the Profound Commerce portfolio.
Profound Commerce, an acquirer and operator of ecommerce brands, acquired FBA Capital Management’s portfolio of ecommerce marketplace brands.
This acquisition doubles Profound Commerce’s topline revenue and contribution margin and brings operating leverage to the Profound Commerce portfolio.
FBA Capital Management is involved in capital markets experience and has relationships across the industry, which Profound Commerce can leverage.
“We have been buying and growing marketplace brands for more than four years. As we have grown through the recent turbulence in ecommerce, our track record has attracted notice from ecommerce entrepreneurs and fellow brand platform operators like FBA Capital Management. The two teams collectively believe that the strongest operators and brand builders will win.” said Matt Howitt, CEO and founder of Profound Commerce.
Adam Gerchen, CEO of FBA Capital Management, echoes these sentiments. “Successful growth and execution require global coordination, creativity, tenacity, and an incredible degree of organization. Profound Commerce and FBA Capital Management share these core principles, and we believe that the brands and teams will create value and synergies as a combined platform.”
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