Announced
Completed
Financials
Sources
Tags
Private
software
Completed
Private Equity
United States
Acquisition
Friendly
Single Bidder
E-commerce
Majority
Domestic
Synopsis
Providence Strategic Growth, an equity investment firm, completed the acquisition of a majority stake in Assembly, which focuses on acquiring and building industry-leading software and services that empower e-commerce merchants. Financial terms were not disclosed. “Merchants need more technology than ever to grow, and Assembly has built an impressive company that is well-positioned to address this challenge. We are excited to partner with Sandeep and his talented team to help grow and drive their vision forward. Assembly’s acquisition of Helium 10 is representative of the attractive growth opportunities we expect to achieve with our partnership,” Matthew Stone, PSG Principal.
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