Tech Company M&A Transactions
CashStar Acquisition
CashStar, based in Portland, was acquired by Blackhawk Network. Blackhawk Network disclosed that the acquisition price was $175 million.
Transaction Overview
Company Name
Acquired By
Announced On
9/1/2017
Transaction Type
M&A
Amount
$175,000,000
M&A Terms
The acquisition is an all-cash deal which Blackhawk CFO Jerry Ulrich said would be 'at least earnings neutral in fiscal 2017 and meaningfully accretive after synergies in 2018.' Ulrich also anticipates the acquisition will 'generate positive cash flow in 2018' as well as boost topline growth.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
129 Middle St.
Portland, ME 04101
USA
Portland, ME 04101
USA
Phone
Website
Email Address
Overview
Digital gifting solutions for the world's leading brands.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ben Kaplan
Chief Financial Officer
Michael Ellis
VP - Bus. Development
Matt Kerper
VP - Client Services
Larry Weissbach
VP - Operations
Tim Brewer
Browse more venture capital transactions:
Prev: 9/1/2017: VideoAmp venture capital transaction
Next: 9/1/2017: HowStuffWorks venture capital transaction
Share this article
News on VC Transactions
We do our best to report on every notable VC transaction. VC investment data records on this site are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs