Speed Commerce

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Speed Commerce
For more information regarding this transaction contact:
  • Mike Townley Investment Banking 213.536.0241
  • Rob Martin Investment Banking 612.260.5850

Speed Commerce, Inc.

Lake Street Capital Markets is pleased to announce its client Speed Commerce, Inc. (NASDAQ: SPDC), a leading provider of omni-channel e-commerce services, has acquired Fifth Gear, a single-source provider of order management, fulfillment and customer care services. Lake Street originated and served as exclusive financial advisor to Speed Commerce in connection with the transaction. Total consideration included $55 million in cash paid at closing with an additional contingent payment to be made in the form of common shares of Speed Commerce stock, if earned.

About Speed Commerce, Inc.

Headquartered in Dallas, TX, the Company is a single-source provider of e-commerce service solutions to leading retailers and manufacturers. The Company's services include e-commerce platform development; hosting, managed and marketing services; order and inventory management; pick, pack & ship; returns processing; and 24/7 customer care.  

About Fifth Gear:

Headquartered in Indianapolis, IN, Fifth Gear is a provider of end-to-end fulfillment, e-commerce and customer care solutions for direct-to-consumer brands, e-commerce retailers and catalog-retailers.

Contact

Mike Townley
Head of Investment Banking

612.326.1313

Email Mike
 

Dave McDonald
Head of Life Science Investment Banking

612.326.1268

Email Dave

 

Tim Klein

Investment Banking

612.260.6173

Email Tim

 

Rob Martin

Investment Banking

612.260.5850

Email Rob

 

Steve Rickman

Investment Banking

612.326.1985

Email Steve