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Upexi Closes Acquisition Of E-Core And Its Subsidiaries, Adding Over $40 Million In Trailing Twelve Month Sales And Increasing Projected Calendar 2023 Sales To $100M

Nov 02, 2022•almost 3 years ago

Acquiring Company

Upexi

Acquired Company

Subsidiaries

ClearwaterPorto AlegreRetailInformation Technology

Description

Upexi Inc. (NASDAQ: UPXI) (the "Company" or "Upexi"), a multi-faceted brand owner and innovator in aggregation, today announced the closing of its acquisition of E-Core, Inc. ("E-Core") and its subsidiaries; Tytan Products ("Tytan") and New England Technology, Inc., ("New England Technology"), for a combination of cash, stock and one-to-three year notes. Tytan is a children's toy brand and maker of popular magnetic tiles and building blocks and New England Technology is a national distributor for branded consumer products.

Company Information

Company

Upexi

Location

Clearwater, Florida, United States

About

Upexi Inc., is an innovator in aggregation, accelerating Amazon and eCommerce businesses by combining consumer data and vertical integration to scale brands in multiple industries, while lowering costs with a growing distribution network. Through strategic acquisitions, Upexi continues to expand into numerous consumer markets, and utilizes its in-house, SaaS programmatic ad technology to help achieve a lower cost per acquisition and accumulate consumer data for increased cross-selling between its growing portfolio of brands.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed