Auction Technology Group PLC (LSE:ATG) has acquired Chairish LLC for $85 million.
Buying Chairish, a US-based online marketplace for vintage furniture, décor and art, adds to ATG’s network some 1.3 million curated vintage and collectable items and 12,000 sellers.
The company expects to see about $8 million of operational synergies to be realised by FY27.
Management expects the acquisition to be earnings (adjusted EBITDA) positive in FY26 and accretive to earnings per share in FY27.
“Chairish is a highly strategic addition to our group as we continue to power the discovery of items worth finding again,” said chief executive John-Paul Savant.
“Their strong brand, curated inventory, and loyal community enhance our position in the Arts & Antiques category and broaden our reach across high-intent buyers and quality sellers.
He added: “Together, we expand channel choice, increase marketplace liquidity, and unlock near-term commercial value - including meaningful cost synergies - while advancing our long-term vision to build a trusted, tech-enabled platform for the discovery and exchange of unique secondary items.”