Boston-based investment firm Great Hill Partners has acquired Milpitas-based Plimus for $115 million. The e-commerce services firm has been purchased from a shareholder group, which consists of Susquehanna Growth Equity, Plimus founders, key management members and employees. The existing senior management team and staff headed by Plimus’ CEO Hagai Tal will continue to carry out the firm’s business plan. Post-deal, Matt Vettel, Chris Busby and Nick Cayer from Great Hill will join the Plimus board of directors. Plimus has been advised by Raymond James & Associates on the deal.
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