TigerGPS.com, Ltd. was a leading multi-site specialty online retailer of consumer electronics. Through direct relationships with the largest manufacturers in the world, the Company offered more than 3,000 products ranging in price from less than $100 to more than $10,000.
The Company’s founder and CEO wanted to maximize shareholder value, realize a liquidity event and find the right strategic partner for the future success of the business.
Carter Morse & Mathias acted as the Company’s exclusive financial advisor and ran a disciplined auction process in order to maximize shareholder value. SureSource LLC, a portfolio company of Veronis Suhler Stevenson, acquired TigerGPS in order to complement SureSource’s direct-to-consumer strategy, expand its category store initiatives, and leverage its strong consumer interaction and order fulfillment infrastructure.