Profound Commerce, an operator of e-commerce brands, has purchased FBA Capital Management‘s portfolio of e-commerce marketplace brands.
This deal doubles Profound Commerce’s revenue and contribution margin and brings operating leverage.
“We are excited to acquire FBA Capital Management’s portfolio of brands, join forces with the FBA Capital Management principals and extend our reach into new categories,” said Matt Howitt, CEO of Profound Commerce. “Collectively, the two teams share the belief that the strongest operators and brand builders will win. We believe there will be many more opportunities to acquire portfolios of brands and even entire aggregators in the future. Profound Commerce intends to facilitate this trend.”
Jones & Spross PLLC acted as legal counsel to Profound Commerce. Levenfeld Pearlstein PLLC served as legal counsel to FBA Capital Management. Smith Gambrell & Russell LLP served as legal counsel to Atalaya Capital Management LP, a member of Profound’s board.