Emerge Commerce, a Toronto-based online shopping promotions company has acquired golfing promoter The UnderPar Group in a $12 million deal.
“UnderPar, also based in Toronto, is Emerge’s fourth acquisition in North America and its largest transaction to date and the gold promotions company is on track to have $30 million in revenue in 2019.”
READ MOREEMERGE Commerce purchases Underpar Group for $12 million in largest acquisition to date
“Toronto-based e-commerce startup Emerge Commerce has acquired the UnderPar Group, a golf experiences and products company, for $12 million, in addition to a performance-based earnout.”
READ MOREOnline shopping promotion company Emerge buys UnderPar golf promoter. Deal worth $12 million.
”The $12 million deal for UnderPar, also based in Toronto, will add its forecast $30 million revenue this year to Emerge as it seeks to build on its stable of e-commerce sites including WagJag.com, Buytopia.ca and Shop.ca, the companies said in statement on Wednesday.”
READ MOREWagJag, an EMERGE Brand, Celebrates 10 Years, Announces $500M Saved. Launches ‘Deals of the Decade’ Campaign.
“Over the past 10 years, 2 million Canadians have amassed in excess of $500 million in cumulative savings from over 12,000 merchant partners, purchasing a total of 5.6 million vouchers to date on WagJag.”
READ MOREGhassan Halazon, CEO of EMERGE Commerce Inc., on Sustaining a Start-Up Business
“These days, the tech startup community can feel a bit like the wild west – full of gunslinging founders, new frontiers to be explored, and rules that are seemingly meant to be broken.”
READ MOREEMERGE Named Canada's Fastest Growing E-Commerce Company, 12th Overall, on the 2019 Startup 50
“…Canada's fastest growing e-commerce company, and the 12th fastest growing company overall, on the 2019 Startup 50 list, released by Canadian Business and Maclean's.”
READ MOREEMERGE ACQUIRES WAGJAG FROM METROLAND MEDIA GROUP
“EMERGE Commerce Inc. has acquired Wagjag, an online deal community, from Metroland Media Group, a subsidiary of Torstar.”
READ MOREEMERGE Commerce CEO: We Are Canada’s Largest Deals Network
“In this interview at the Gravitas Securities 2019 Growth Conference in Vancouver, SmallCapPower spoke with Ghassan Halazon, founder and CEO of EMERGE Commerce Inc, which is an acquirer and operator of local deal sites.”
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