M&A Deal Summary

Shopify Acquires 6 River Systems

On September 9, 2019, Shopify acquired manufacturer 6 River Systems for 450M USD

Acquisition Highlights
  • This is Shopify’s 1st transaction in the Manufacturing sector.
  • This is Shopify’s 2nd largest (disclosed) transaction.
  • This is Shopify’s 5th transaction in the United States.
  • This is Shopify’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2019-09-09
Target 6 River Systems
Sector Manufacturing
Buyer(s) Shopify
Deal Type Add-on Acquisition
Deal Value 450M USD

Target

6 River Systems

Waltham, Massachusetts, United States
6 River Systems, Inc. is a provider of collaborative warehouse fulfillment solutions. 6 River Systems, Inc. was founded in 2015 and is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

Shopify

Ottawa, Ontario, Canada

Category Company
Founded 2004
Sector Internet Software and Services
Employees8,300
Revenue 7.1B USD (2023)
DESCRIPTION

Shopify is a provider of e-commerce software tools and solutions for small to large sized companies globally. Shopify was founded in 2004 and is based in Ottawa, Canada.


DEAL STATS #
Overall 10 of 11
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 9 of 10
State (Massachusetts) 2 of 2
Country (United States) 5 of 6
Year (2019) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-24 Handshake

New York, New York, United States

Handshake Corp. B2B Commerce platform makes buying and selling simple, intuitive and mobile. Sales reps and their customers can rapidly place orders on any device, anywhere, anytime.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Deliverr

San Francisco, California, United States

Deliverr is a fulfillment technology provider. Deliverr’s logistics network delivers more than a million orders per month for thousands of merchants across the U.S. Deliverr was formed in 2017 and is headquartered in San Francisco, California.

Buy $2.1B