Hi all — hope everyone had a great Thanksgiving! This week, we’re sharing a high-growth Shopify design & development deal, and on Saturday, we’re going deeper into the Shopify-services roll-up strategy.
Brokers: got a deal you want to get in front of 5,500+ PE folks? Email me your deals at [email protected].
Brands: looking to reach a fast-growing, highly-engaged PE audience? Inquire about sponsorships.
1. Enterprise-Focused Shopify Design & Development Partner (Project Transform)
🔗 Access Deal Materials
Interested in learning more? Contact Zack at [email protected] to receive the full deal details.
📝 Deal Overview
Why this deal: A top-tier Shopify design-and-development Platinum Partner delivering enterprise-grade storefronts, custom themes, migrations, and performance optimization. Strong financial metrics, recurring revenue, and indexed to the accelerating eCommerce trends. Ideal for LMM investors with eCommerce and IT services roll-up thesis or existing PE-backed strategic consolidators looking for a true enterprise-grade Shopify partner.
LTM Revenue (Aug ’25): $3.9M (~55% YoY Growth; ~70% Repeat Revenue)
LTM EBITDA (Aug ’25): $1.6M
Gross Margin: 51%
Deal Type: Majority recap
Headquarters: California
🔎 What They Do
This platform provides full-stack e-commerce transformation services within the Shopify ecosystem, specializing in:
Enterprise storefront design & custom theme development
Full-site migrations from legacy platforms
Headless commerce architecture
ERP, OMS, and custom app integrations
Site speed, conversion optimization & performance tuning
UX/UI redesign and ongoing optimization
Omnichannel enablement (D2C, B2B, wholesale, POS)
Representative clients include: Everlast, Champs, Lids, Harvard University, Sesame Street
💼 Recent Private Equity Deal Comps
Acquirer | Target | Date | Notes |
|---|---|---|---|
Domaine Worldwide (backed by BV Investment Partners) | Code | Jun 2025 | BV-backed global Shopify services platform expands into Europe by acquiring Code, one of the top Shopify agencies in the EU market. |
BV Investment Partners | Tomorrow + Half Helix (merged and rebranded to “Domaine”) | Sep 2023 | PE-backed merger creating the largest independent pure-play Shopify services partner globally, with deep design, UX, and engineering capabilities. |
Foresight Group | Space 48 | Jan 2021 | UK-based ecommerce & Shopify specialist; later became part of the Glass Atlas group. |
Infosys | Blue Acorn iCi (backed by Beringer Capital) | Oct 2020 | One of the largest enterprise commerce & Shopify/Adobe agencies—in a landmark exit for Beringer Capital. |
August Spark | BVAccel | Aug 2018 | Family office invested in BVAccel, then a leading Shopify Plus agency serving major D2C brands. |
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Disclaimer: Information presented herein is derived from publicly available sources and third-party materials believed to be reliable. It is provided solely for educational and informational purposes and does not constitute investment advice or a solicitation. Road To Carry is not affiliated with, nor does it represent, the seller, broker, or any other party to the referenced transactions.
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