Benzinga

MAY 3, 2022

Q1 2022 consolidated Adjusted EBITDA (as defined and reconciled below) of $87.0 The effect of the series of transactions in the last couple of quarters as well as continued focus on operational cost resulted in sequential Adjusted EBITDA 8% greater than Q4 2021. Adjusted EBITDA. Equity Method Investment EBITDA.

EBITDA 40

EBITDA Equity Start-ups Marketability 40

Chris Mercer

FEBRUARY 14, 2024

Mercer’s Musings #1 addressed the topic of compliance with USPAP and the Internal Revenue Service. RSDs are not value drivers like EBITDA, gross profit, number of cases, or any other value drivers. The dividend will be paid quarterly, so the mid-year discounting convention is assumed.

Marketability 52

Marketability Dividends Appraisal Business Valuation 52

Brian DeChesare

OCTOBER 12, 2022

If your investment thesis is “undervalued industrial companies with between $5 and $15 million in EBITDA,” try again. At an average 10x EBITDA multiple, each company will have ~$5 million in EBITDA, putting you in “small / lower-middle-market” territory. A proven strategy in a specific , differentiated niche.

Private Equity Firm 59

Private Equity Firm Equity Start-ups EBITDA 59