M&A Deal Summary

MassRoots Acquires Empire Services

On May 5, 2021, MassRoots acquired environmental company Empire Services for 14M USD

Acquisition Highlights
  • This is MassRoots’ 1st transaction in the Environmental sector.
  • This is MassRoots’ largest (disclosed) transaction.
  • This is MassRoots’ 4th transaction in the United States.
  • This is MassRoots’ 1st transaction in Virginia.

M&A Deal Summary
Date 2021-05-05
Target Empire Services
Sector Environmental
Buyer(s) MassRoots
Deal Type Add-on Acquisition
Deal Value 14M USD

Target

Empire Services

Virginia, United States
Empire Services operates 10 metal recycling facilities in Virginia and North Carolina. Empire Services was founded in 2002 and is based in Virginia.

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Buyer(S) 1

Buyer

MassRoots

Denver, Colorado, United States
Category Company
Sector Information Technology
DESCRIPTION

MassRoots, Inc. is a provider of technology platforms for the regulated cannabis industry. The company's mobile apps enables consumers to provide community-driven reviews of cannabis strains and products, enabling consumers to make educated cannabis purchasing decisions.

DEAL STATS #
Overall 4 of 4
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Virginia) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-23 CannaRegs

Denver, Colorado, United States

CannaRegs Ltd. is a web-based subscription service for those in the cannabis industry and their advisors. CannaRegs provides enhanced access to all cannabis-related rules and regulations from state, county, municipal and federal sources, and aggregates these rules and regulations in an intuitive, easy-to-use database. CannaRegs Ltd. was established in 2014 and is based in Denver, Colorado.

Buy $12M
Mergr

Product

Company

Legal