LOS ANGELES and LONDON, September 1, 2022 — Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired SkuVault, a U.S.-based inventory management software (“IMS”), order management systems (“OMS”) and warehouse management systems (“WMS”) solutions provider. SkuVault will be merged with Linnworks, an existing Marlin portfolio company, strengthening its position as a leading global e-commerce enablement software platform. The deal unites two companies with a shared vision of accelerating growth for omnichannel sellers. The combined global organization will benefit from greater scale, enhanced brand awareness, an extended product portfolio, and an expanded talent base and roadmap to serve an increasingly dynamic and growing market.
“We are very excited for the combination of our local and global talent that will drive significant value to our customers, employees and partners,” said Callum Campbell, CEO of Linnworks. “We deeply appreciate SkuVault’s leading position within the North American market, driven by its highly differentiated product that offers rich features and functionality across the IMS and OMS value chain, as well as its deep WMS and third-party logistics (“3PL”) capabilities. We look forward to the depth of experience and spirit of innovation that the SkuVault team will bring to the shared company.”
“We are thrilled to be partnering with the Linnworks team to drive strategy and innovation in our industry and increase value for our customers,” said Andy Eastes, CEO and Co-Founder of SkuVault. “Together, we intend to address the most difficult challenges growing omnichannel sellers face and help our customers seamlessly integrate their sales channels and warehouses, fulfill orders more efficiently, and ultimately, grow their respective businesses faster.”
“We look forward to working with both the Linnworks and SkuVault teams to establish a global category leader in a fast-growing market segment with increased platform breadth and global coverage of customer profiles,” said Peter Chung, a managing director at Marlin. “We believe the businesses are highly complementary, not only from a geographic perspective, but also with each bringing strengths across a number of key product capabilities in order management, inventory management, analytics & forecasting, warehouse management and 3PL support,” said Grant Schachter, a principal at Marlin. “The acquisition of SkuVault underscores Linnworks’ mission to build a leading global provider of e-commerce enablement and OMS solutions,” said Roland Pezzutto, a managing director at Marlin. “Both companies have exhibited strong growth historically, and this transformative merger creates a unique opportunity to accelerate growth through investment in product innovation, go-to-market strategy, account management and support.”
Raymond James & Associates served as SkuVault’s financial advisor. SkuVault’s legal advisor was Wyatt, Tarrant & Combs, LLP. DC Advisory acted as financial advisor and Goodwin Procter LLP and Mayer Brown International LLP served as legal advisors to Linnworks and Marlin. Financial terms were not disclosed.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $8.1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 200 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
About Linnworks
Linnworks is a leading commerce automation platform that enables the world’s major marketplaces and sales channels to manage their multi-channel inventory, orders and fulfillment from a single dashboard, while providing deep insights across operations. By equipping brands and retailers to conduct commerce wherever their customers are, Linnworks powers businesses to drive growth and boost brand success. Linnworks processes over $8 billion in gross merchandise value each year globally and serves some of the world’s largest, recognizable brands. For more information, please visit www.linnworks.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via email at pspasov@marlinequity.com.