Deal Announcement: Hope-Amundson to merge with Coffman Engineers.
Since launching last July, Jet.com has been steadily growing its sale numbers. However, a majority of the sales are coming from new shoppers. This means that the e-tailer is failing to convert shoppers into loyal customers.
Deal Announcement: Hope-Amundson to merge with Coffman Engineers. Andrea Mantovani for Meritage
Overall, Jet.com’s US sales have been growing by an average 28% per month from September 2015 to February 2016, according to Slice Intelligence. And its February sales were more than 50% higher than September. But it still lags its biggest competitor, Amazon. And until Jet.com begins creating loyal customers, it will remain behind the company it claims to undercut on prices across the board.
Company Type: Software as a Service
Industry Sector: Software/Technology
Ebitda: $ 2,000,000
Revenue: $ 10,000,000
Industry Preference
The firm typically invests in direct marketing; gaming equipment and services; route based businesses; internet retail; waste management and rubbish removal; debt collection; outsourced business services; for-profit training and education; ATM operators; consumer products; document services; franchisees; franchisors; jewelry; non asset based logistics; specialty retailer; vending; energy; transportation; distribution; wealth management; and human resource outsourcing sectors.
Target Sectors:
- Alarm Monitoring
- ATM Operators
- Consumer Products
- Consumer Finance
- Direct Marketing
- Document Storage/Management
- For-Profit Education & Training
- Gaming Equipment & Service
- Insurance Brokers & Underwriters
- Niche Software
- Professional Employer Organizations (PEOs)
- Specialty Retailers
- Wealth Management
Key Business Characteristics
The firm prefers to invest in companies generating revenues between $10 million and $50 million and having an EBITDA between $1 million and $10 million. It seeks to make a majority investment and place their CEO in the leadership role of the acquired company.