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Gigacloud Technology Inc Completes Acquisition Of Noble House

PUBLIC · GCTNov 01, 2023

Acquiring Company

GigaCloud Technology

Acquired Company

Noble House Home Furnishings, LLC

El MonteLos AngelesSoftwareE CommerceMarketplaceLogistics

Description

GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced that it has completed the previously announced asset acquisition of Noble House Home Furnishings LLC (“Noble House”), a leading B2B distributor of indoor and outdoor home furnishings, for approximately $85 million, subject to customary purchase price adjustments. The acquisition is funded entirely with cash on hand.

Quick answer

GigaCloud Technology is acquiring Noble House Home Furnishings, LLC, announced November 1, 2023. GigaCloud Technology is based in El Monte, California, United States.

How much did GigaCloud Technology pay for Noble House Home Furnishings, LLC?
The deal value was not disclosed.
What does GigaCloud Technology do?
GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise.
Where are GigaCloud Technology and Noble House Home Furnishings, LLC based?
GigaCloud Technology is based in El Monte, California, United States. Noble House Home Furnishings, LLC is based in Los Angeles, California, United States.
Who are the decision-makers at GigaCloud Technology?
Fundz holds 2 contacts at GigaCloud Technology. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

GigaCloud Technology

Location

El Monte, California, United States

About

GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise. The Company’s B2B ecommerce platform, which it refers to as the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. The Company offers a truly comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories such as home appliances and fitness equipment. For more information, please visit the Company’s website: https://investors.gigacloudtech.com/.

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Frequently asked

Who acquired Noble House Home Furnishings, LLC?

Noble House Home Furnishings, LLC was acquired by GigaCloud Technology, based in El Monte. The deal was reported on November 1, 2023. GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise. GigaCloud Technology is publicly traded (GCT) and operates in Software.

When did GigaCloud Technology acquire Noble House Home Furnishings, LLC?

GigaCloud Technology's acquisition of Noble House Home Furnishings, LLC was reported on November 1, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Noble House Home Furnishings, LLC do?

Noble House Home Furnishings has been in the furniture industry for over 20 years, and almost 10 in e-commerce. It is privately held, and is based in Los Angeles.

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