Amazon FBA Acquirers/Aggregators in 2024
Full List of +50 Amazon Aggregators: Which Ones Are Still Around?
One of the fads that took off during the COVID-induced ecommerce boom of 2020-2022 were Amazon FBA acquirers/aggregators. These companies sought to consolidate many ecommerce brands under one company, achieve huge economies of scale, and then (hopefully) go public at some crazy valuation.
Now despite a lot of predictable hiccups in executing this business model, Amazon FBA acquirers and aggregators continue to exist. In this article we'll review what exactly FBA acquirers are, who they are and who is and isn't still around.
Related Listening: Episode 364: The Controversy Behind the FBA Acquirers Strategy
Related Reading: The Rise and Fall of FBA Aggregators
Complete List of Amazon FBA Acquirers
There are countless Amazon FBA acquirers out there but we’ve compiled a list of some of the most popular Amazon FBA Rollups in the table below:
Full List of Amazon FBA Acquirers That Are Bankrupt or No Longer Acquiring (Updated 2024)
Since 2023, numerous Amazon FBA acquirers firms have either shifted focus from this business model or have been acquired or ceased operations altogether. This was highlighted by Thrasio's, once one of the leading FBA rollups, bankruptcy in late 2023. Based on our data, here's the list of Amazon FBA acquirers that are either no longer in business or no longer acquiring businesses:
| Name | Date Founded | Located | Situation |
|---|---|---|---|
| 10club | 2020 | India | No longer acquiring |
| Benitago Group | 2016 | US | Declared in bankruptcy and acquired by Cove Brands in 2024 |
| Boopos | 2021 | Spain | Transitioned to a new business model |
| Cap Hill Brands | 2020 | US | Merged with Juvo+ |
| D1 Brands | 2020 | US | D1 Brands merged with Suma to create a new brand called The Ambr Group |
| Diverge Group | 2020 | UK | Transitioned to a new business model |
| Elevate Brands | 2017 | US | No longer acquiring; most brands sold off. |
| Factory14 | 2018 | Luxembourg | Acquired by Razor Group |
| Flywheel Commerce | Unknown | US | Acquired by Olsam Group |
| Inflection Brands | 2019 | US | Transitioned to a new business model |
| Orange Brands | 2020 | Germany | Acquired by Berlin Brands Group |
| Sorfeo | 2020 | US | No longer acquiring (banckruptcy) |
| Suma Brands | 2020 | US | Suma merged with D1 Brands to create a new brand called The Ambr Group |
| SellerX | 2020 | Germany | Nonaccrual status (has stopped making loan payments) |
| Stryze | 2020 | Germany | Acquired by Razor Group |
| Tapuya Brands | 2021 | US | Acquired by Pilot Wave Holdings |
| Thirstii | 2019 | Germany | Acquired by Thrasio |
| Valoreo | 2020 | Mexico | Acquired by Razor Group |
| Zeelos | 2021 | Germany | No longer acquiring |
What’s an Amazon FBA Acquirer / Aggregator / Rollup?
An Amazon aggregator, rollup, or acquirer are all the same thing.
Amazon FBA Acquirers or are a group of investors that are interested in buying multiple Amazon FBA businesses and trying to both exploit economies of scale by bringing them all together and also capitalizing on low-selling multiples while also (hopefully) being able to list on public markets at high multiples. To give an example, most Amazon businesses typically sell at a 2-3.5x multiple (a multiple of their earnings) while companies listed on public stock markets can typically see valuations of 10x-50x (to give an example, Meta has a P/E ratio of about 30x). In other words, rollups we're looking to execute on valuation-arbitrage.
Entrepreneurs have always talked of selling their e-commerce company at some point in their business journey. If you don’t know how to start we recommend you to read our guide on How to Sell Your Ecommerce Company For Top Dollar.
Selling a business can be an even bigger achievement than starting one. While some luck out with finding honest-to-goodness buyers of their business, others get caught up in less favorable situations. Listen our podcast episode about some Dirty Tricks Amazon Aggregators Might Try When Buying Your Business.
What is an Amazon FBA Acquirer / Aggregator Looking for?
Despite the changing market for Amazon FBA acquirers, many are still acquiring. So what exactly are they looking to buy? Each Amazon FBA Business Acquirers has its own criteria, but there are some general requirements that everyone will have to follow, such as:
- Private Labeled Products: You sell your own branded products – most rollups aren’t looking for retail arbitragers or drop shippers.
- Profits & Margins: Ultimately, aggregators are looking for profits. If your brand isn't profitable there'll be very limited interest from any buyer. Rollups also prefer strong margins – some will require a minimum of 15% net margins and some will be agreed with 10% net margins.
- Brand Registry: You have registered under Brand Registry your trademarks, i.e. you have a defensible brand.
- Sales: depending on the acquirer, some will ask you a minimum of 80% of sales through Amazon and some others will ask you a minimum of 30%. It’s one case where diversification isn’t always a selling point.
- Amazon Fulfilment (FBA): Many sellers are still merchant fulfilled but the majority of rollups are looking to avoid brands that rely on in-house logistics. Being part of the Fulfilled by Amazon program will be one of the strong points of valuation since most of the acquirers don’t want to deal with logistics services and because of the simple reason that your product/s will have Prime status.
- No Black Hat Tactics: If you have made a deal with the devil that may result in the deactivation of your account, no acquirers will want to have to do with it.
- Not a fad: acquirers want a forward-looking business, nothing short-lived. Acquirers are looking for businesses and products that have a great scope that sells today and tomorrow.
You can also listen to our podcast episode: How Aggregators Acquire Ecommerce Brands with Jake Wolpert of Acquco.
Have you sold your ecommerce business to any Amazon FBA acquirer? How was your experience? Tell us about it in the comments section below.
Interesting to see how dynamic this industry is. I work with Mantaro Brands, a global aggregator looking to acquire great brands in 2023, can we get included in this list? Thanks
Please, send us an email to support@ecomcrew.com and we’ll be happy to add Mantaro Brands to the list.
Hi Guys,
We were hoping to get some direction to an ongoing issue.
1. We are a New Zealand company (Limited Company)
2. We will soon be required to get Liability insurance as per Amazon’s policy/requirements
3. As we are a New Zealand-based company – do you have direction, as to various insurance businesses who would insure us ?
4. What we have found recently – is that USA – based insurance companies, will only insure us, if we have a US-based LLC + EIN + US-mailing address
5. As Canadian companies yourselves – maybe you have found insurance businesses that have both met your needs, & maybe ours too !
Best Regards,
Charlie. B
Get insurance from a local NZ broker. You’re going to pay through your teeth but you can get it. We did.