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Announced

Completed

GiddyUp completed the acquisition of Grommet from Ace Hardware.

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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United States

online retailer

Acquisition

Private

Friendly

Single Bidder

E-commerce

Completed

Domestic

Majority

Synopsis

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GiddyUp, a marketing partner, completed the acquisition of Grommet, a US-owned online consumer retailer, from Ace Hardware, a wholesaler and retailer of hardware, paints and home improvement products. Financial terms were not disclosed. "Together, Grommet and GiddyUp are paving the way for makers to connect with the millions of people who want and need their innovative products most. If the last few years have taught us anything, it’s that we need makers and entrepreneurs now more than ever. They continue to lead the way in helping us all live a little better. Their products improve our health, the way we work, the technology we use, the way we eat, drink and celebrate the good times and the bad," Grommet.

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