Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns run through 1stDibs.com's acquisitions — what it looks for, how it pays, and how it folds in what it buys.
1 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.
Design Manager, operated by Franklin Potter Associates, Inc., is a subscription software platform that gives interior designers project-management, purchasing, and accounting tools. On May 2, 2019 1stDibs acquired 100% of the equity of Franklin Potter Associates and ran Design Manager as a software-services subsidiary alongside its online marketplace, reporting it as one of the company's two reporting units. 1stDibs subsequently divested Design Manager to private-equity firm Performant Capital in June 2022 to concentrate on its core marketplace, auctions, and international expansion.
On May 2, 2019, the Company acquired 100% of the outstanding equity of Franklin Potter Associates, Inc. and its subsidiary, doing business as Design Manager, a privately-held company that sells subscriptions to a software solution to interior designers to assist with project management, purchasing, and accounting, for a total purchase consideration of $4.2 million, subject to customary purchase price adjustments.1stDibs.com — Inc. FY2021 Form 10-K, Business Combinations note