Alliance Entertainment went public via a SPAC merger with Adara Acquisition in a $480m deal.

Alliance Entertainment, a direct-to-consumer and ecommerce provider, went public via a SPAC merger with Adara Acquisition, a blank check company, in a $480m deal. “We believe that today’s milestone combined with our strong revenue growth, expanding customer base and product offering, and several successful acquisitions, will help accelerate our future expansion initiatives. Alliance Entertainment today is well positioned to continue to capitalize on shifts towards eCommerce and Omni-Channel strategies, especially with retailers and manufacturers vastly increased reliance on their DTC fulfillment and distribution partners. We are at an inflection point that now positions us to execute a multi-prong growth strategy that we expect will deliver a double-digit revenue growth rate with strong cash generation to the bottom line,” Jeff Walker, Alliance Entertainment CEO.