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Announced

Completed

Point Pickup completed the acquisition of GrocerKey.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Majority

Private

Domestic

Completed

Acquisition

e-commerce

Online and Social Platforms

United States

Friendly

Synopsis

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Point Pickup, an enterprise-grade last-mile provider, completed the acquisition of GrocerKey, an e-commerce platform. Financial terms were not disclosed. "With almost 68m US households placing online orders this past May, retailers no longer want to give away last mile business to other consumer-facing platforms. We listened to our clients and now with the integration of GrocerKey's technology into our last-mile delivery platform, they can reclaim their brand and revenue while maintaining control of their eCommerce data and customer experience from start to finish," Tom Fiorita, Point Pickup Technologies Founder and CEO.

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