Minneapolis, MN – Hennepin Partners acted as exclusive financial advisor to SPS Commerce, Inc. (the “Company”), a leading provider of intelligent supply chain solutions that connects trading partners around the globe, on the sale of its 3P Revenue Recovery business to an undisclosed buyer.
The Company previously acquired the 3P Revenue Recovery business through the Carbon6 Technologies, Inc. (Carbon6) acquisition which closed on February 7, 2025. Carbon6 was a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers.
John Strenger, Vice President of Corporate Development at SPS Commerce, remarked, “It was a pleasure working with the Hennepin Partners team throughout this transaction. They were an important partner, providing sound advice, thoughtful execution, and steady support along the way. We appreciated their collaborative approach and commitment to helping us achieve a successful outcome.”