Nexa Equity LLC, a private equity firm focused on lower-middle market software and financial technology businesses, has acquired a majority stake in Storewise, a provider of retail automation software for independent grocers.
Storewise works to help grocers streamline operations and drive store profitability. The company offers price optimization, supply chain automation and risk management services. Storewise aims to use the investment from Nexa Equity to support its customer base, develop new products and drive go-to-market efforts. Storewise’s existing management team will continue to lead the business as the company looks to drive growth and expand to more customers.
“We’re dedicated to supporting an industry critical to our nation’s economy by building a unified software platform that helps independent grocers operate more profitably and efficiently,” comments Christopher Greco, president and CEO of Storewise. “We’re excited to have found a likeminded growth partner in Nexa Equity that shares our core values and will help accelerate our vision.”
Weil, Gotshal & Manges LLP and Kirkland & Ellis LLP served as legal counsel to Nexa Equity. Stinson LLP served as legal counsel to Storewise.