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  6. SellerX Acquires Elevate Brands

M&A Deal Summary

SellerX Acquires Elevate Brands

On May 31, 2023, SellerX acquired business services company Elevate Brands

Acquisition Highlights
  • This is SellerX’s 1st transaction in the Business Services sector.
  • This is SellerX’s 1st transaction in the United States.
  • This is SellerX’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-05-31
Target Elevate Brands
Sector Business Services
Buyer(s) SellerX
Deal Type Add-on Acquisition
Advisor(s) RBC Capital Markets (Financial)

Target

Elevate Brands

Austin, Texas, United States
Elevate Brands is an eCommerce aggregator with a focus on building quality omnichannel brands. The company manages 32 brands across a variety of evergreen product categories. Elevate Brands was formed in 2017 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

SellerX

Berlin, Germany
Category Company
Founded 2020
Sector E-Commerce
DESCRIPTION

SellerX is Europe’s aggregator of third-party e-commerce businesses. The Company builds category-winning brands by acquiring and scaling third-party Amazon FBA and other e-commerce businesses, operating a number of brands across multiple verticals. SellerX was founded in 2020 and is based in Berlin, Germany.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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