Sikich Corporate Finance Serves as Exclusive Sell-Side Advisor to River Source Logistics in Acquisition by ShipCalm

CHICAGO – August 16, 2024 – Sikich Corporate Finance, a leading investment bank for middle market companies and a wholly owned subsidiary of Sikich, a global technology-enabled professional services company, recently served as the exclusive sell-side advisor to River Source Logistics (RSL) on its acquisition by ShipCalm. ShipCalm is an e-commerce operations platform and third-party logistics provider. This strategic transaction strengthens ShipCalm’s position in the rapidly growing e-commerce fulfillment sector and expands its operational footprint.

River Source Logistics, a full-service fulfillment by Amazon (FBA) preparation and logistics company serving third-party Amazon e-commerce sellers, brings valuable expertise and strategic warehouse locations to ShipCalm’s existing operations. The combined entity will offer enhanced capabilities to meet the evolving demands of omni-channel fulfillment.

“Our team’s deep strategic experience proved valuable in facilitating this transaction,” said Molly Booi, vice president with Sikich Investment Banking. “This acquisition addresses current e-commerce fulfillment trends and positions both companies for growth. We’re pleased to have facilitated a deal that enhances logistics capabilities and creates new opportunities in the sector.”

The acquisition allows ShipCalm to significantly enhance its third-party logistics offerings, including increased warehouse capacity, improved operational efficiencies and more competitive shipping rates. These improvements are expected to benefit both existing and new customers of the combined entity.

“This transaction represents a pivotal moment for River Source Logistics. By joining forces with ShipCalm, we’re not only expanding our service capabilities but also creating new opportunities for growth and innovation,” said Jonathan Montgomery, partner & COO of River Source Logistics. “The expertise from the Sikich team was instrumental in guiding us through this process and ensuring a successful outcome that benefits our team, our clients and the future of our combined operations.”

Sikich Investment Banking offers capital markets advisory and mergers and acquisitions services. The team has deep experience across many industries, particularly technology and e-commerce, manufacturing and distribution, health care and life sciences, and business and professional services.

Transaction terms were not disclosed.

About Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals.

Sikich currently practices in an alternative practice structure in accordance with the AICPA Professional Code of Conduct and applicable law, regulations, and professional standards. Sikich CPA LLC is a licensed CPA firm that provides audit and attest services to its clients. Sikich LLC has a contractual arrangement with Sikich CPA LLC under which Sikich LLC provides Sikich CPA LLC with professional and support personnel and other services to support Sikich CPA LLC’s performance of its professional services, and Sikich CPA LLC shares certain client information with Sikich LLC with respect to the provision of such services.

*Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 

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