SPS Commerce Acquires SupplyPike For Approximately $119M Cash, Net Of Cash Acquired, And $87M In SPS Commerce Stock
Portfolio Pulse from Benzinga Newsdesk
SPS Commerce has acquired SupplyPike for approximately $119M in cash and $87M in SPS Commerce stock. The acquisition is expected to add $3M in revenue for Q3 2024, with a negative impact of $750,000 on Adjusted EBITDA. For fiscal year 2024, the acquisition will add $8M in revenue and negatively impact Adjusted EBITDA by $1.5M. By fiscal year 2025, the acquisition is expected to add $25M in revenue and break even in Adjusted EBITDA.
August 01, 2024 | 11:52 am
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SPS Commerce's acquisition of SupplyPike for $119M in cash and $87M in stock is expected to add $3M in revenue for Q3 2024, with a negative impact of $750,000 on Adjusted EBITDA. For fiscal year 2024, the acquisition will add $8M in revenue and negatively impact Adjusted EBITDA by $1.5M. By fiscal year 2025, the acquisition is expected to add $25M in revenue and break even in Adjusted EBITDA.
The acquisition of SupplyPike is a strategic move for SPS Commerce, expected to significantly boost revenue in the short term and break even in Adjusted EBITDA by fiscal year 2025. This indicates a positive long-term outlook despite short-term negative impacts on Adjusted EBITDA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100