RelationShop Inc., a provider of digital engagement solutions for supermarkets and other retail chains, finalized a merger between two leading providers of eCommerce solutions for regional grocers and independents: Mercatus Technologies, based in Toronto, and Stor.ai, operating out of Tel Aviv.

The financial details of the transaction were not disclosed.

Davies acted as Canadian counsel to RelationShop with a team that includes Justin Vineberg, Noah Abitbol and Michael Disney (Corporate/Private M&A); Mark Katz (Competition); Brian Bloom and Taj Kudhail (Tax); Seann McAleese (Employment and Labour); Steven Martin (Real Estate); Olivier Désilets (Securities).

The newly merged company will be called Mercatus.

With the merger, several Mercatus executives have taken on key roles within the expanded organization. Sylvain Perrier, previously President and CEO of Mercatus, is serving as the President of North America and Global COO. Galen Walters, founder and CEO of Relationshop with five decades of grocery retail experience, serves as the new CEO of Mercatus.

This transaction comes on the heels of Relationshop acquiring Stor.ai, an eCommerce solution for independent grocers, in January 2023.