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Acquisition
Thrasio buys three brands for $100 million
8 September 2021
Amazon aggregator Thrasio announced its largest deal valued at over $100 million.
The company did not disclose the breakdown on the individual deals.
The move is significant as it signals a shift on Thrasio's part to larger deal sizes. With $1.7 billion in funding, the company can afford to select high-dollar brands. In fact, Thrasio said that its average deal size has more than doubled.
"Lately, we have been acquiring more brands making at least $3 million in annual revenue. We will still give a look at some deals smaller than that, but our average deal size has increased," said Thrasio CEO Carlos Cashman. "As competition increases in this space, we think there's additional value and opportunity with these larger deals."
Amazon aggregator Thrasio announced its largest deal valued at over $100 million.
The company did not disclose the breakdown on the individual deals.
The move is significant as it signals a shift on Thrasio's part to larger deal sizes. With $1.7 billion in funding, the company can afford to select high-dollar brands. In fact, Thrasio said that its average deal size has more than doubled.
"Lately, we have been acquiring more brands making at least $3 million in annual revenue. We will still give a look at some deals smaller than that, but our average deal size has increased," said Thrasio CEO Carlos Cashman. "As competition increases in this space, we think there's additional value and opportunity with these larger deals."