M&A Deal Summary

TAGeX Brands Acquires Advanced Auction

On June 14, 2017, TAGeX Brands acquired internet software and services company Advanced Auction

Acquisition Highlights
  • This is TAGeX Brands’ 1st transaction in the Internet Software and Services sector.
  • This is TAGeX Brands’ 1st transaction in the United States.
  • This is TAGeX Brands’ 1st transaction in Texas.

M&A Deal Summary
Date 2017-06-14
Target Advanced Auction
Sector Internet Software and Services
Buyer(s) TAGeX Brands
Deal Type Add-on Acquisition

Target

Advanced Auction

Rowlett, Texas, United States
website
Advanced Auction Company is a Texas online auction company specializing in food service equipment, arcade games, and more. Company provide auction marketing for new and used restaurant, bakery and bar equipment, and are currently accepting quality consignments for upcoming auctions. Company offer a simple-to-navigate auction website and serve customers all across North America.

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Buyer(S) 1

Buyer

TAGeX Brands

Romulus, New York, United States

website

Category Company
Founded 1987
Sector Internet Software and Services
DESCRIPTION

TAGeX Brands specializes in facility closures, equipment liquidation and redeployment for the last thirty years. Using the online auction platform, www.RestaurantEquipment.bid, restaurants are able to sell their surplus or unused equipment back into the marketplace, reducing waste and producing a more efficient marketplace for restaurant and foodservice equipment and supplies.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
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