Houlihan Lokey Advises SupplyShift
Houlihan Lokey is pleased to announce that SupplyShift, a leading provider of supply chain sustainability and responsible sourcing solutions, has been acquired by Sphera, a leading global provider of environmental, social, and governance (ESG) performance and risk management software, data, and consulting services. The transaction closed on January 9, 2024.
Founded in 2012 and headquartered in Santa Cruz, California, SupplyShift has built a supply chain network of more than 100,000 suppliers, where buyers and suppliers engage and share information quickly in order to manage risk and facilitate supplier regulatory compliance. The solution provides supply chain transparency and supplier mapping at any tier, as well as data analytics, supplier scoring, and traceability. SupplyShift has customers and business partners around the world, and the company’s portal is used by a variety of customers across industries, from global retailers to Fortune 500 brands.
Sphera is the leading provider of ESG performance and risk management software, data, and consulting services focusing on environment, health, safety, and sustainability management, operational risk management, product stewardship, and supply chain risk management. For more than 30 years, Sphera has served over 7,000 customers and one million-plus users in 80 countries to help companies keep their people safe, their products sustainable, and their operations productive.
Alex Gershenson, SupplyShift’s CEO and Founder, said, “SupplyShift was founded on the idea of leveraging software to drive sustainability initiatives, and for 11 years, we have been empowering companies to understand their supply chain ESG risk and performance. We are excited to join the Sphera family and take data availability to a new level through the combination of Sphera’s industry-leading ESG data and SupplyShift’s Scope 3 data collection abilities. Through SpheraCloud, Sphera’s SaaS platform, and its LCA solutions, we can help even more customers track their Scope 3 emissions and manage their supply chain sustainability.”
Houlihan Lokey served as the exclusive financial advisor to SupplyShift. This deal highlights Houlihan Lokey’s continued success as a leading advisor in the supply chain software ecosystem.