Midstreet Blog

AUGUST 4, 2022

If you’re planning to sell a business doing more than $1M in EBITDA , then you may have considered selling to a private equity group. You may have even been approached by a private equity group looking to purchase your company as one of its “platforms.” If that term doesn't resonate with you, don’t worry.

Equity 40

Equity EBITDA 40

Harvard Corporate Governance

FEBRUARY 1, 2024

s directors breached their fiduciary duties by awarding Elon Musk a performance-based equity-compensation plan. For a tranche to vest, Tesla’s market capitalization must increase by $50 billion and Tesla must achieve either an adjusted EBITDA target or a revenue target in four consecutive fiscal quarters. He claims that Tesla, Inc.’s

EBITDA 334

EBITDA Market Capitalization Equity Marketability 334

Benzinga

MARCH 4, 2024

Equipment rental company United Rentals, Inc (NYSE: URI ) has entered into a definitive agreement to acquire Yak Access, LLC, Yak Mat, LLC and New South Access & Environmental Solutions, LLC from Platinum Equity for approximately $1.1 For the year ended December 31, 2023, Yak generated $171 million of adjusted EBITDA on $353.

EBITDA 64

EBITDA Equity 64

Class VI Partner

MARCH 1, 2023

In January, we surveyed private equity groups investing across various industries and deal sizes within the middle market. Leverage Shift It should come as no surprise that the record-paced Federal Funds Rate hikes affected private equity leverage reads in a notable way, especially in the second half of the year.

Equity 52

Equity EBITDA Marketability Finance 52

Benzinga

MARCH 21, 2023

Education group Pearson PLC (NYSE: PSO ) agreed to sell Pearson Online Learning Services (POLS) to Regent , a private equity group, for a deferred sum. of POLS' positive Adjusted EBITDA each year. Regent will pay Pearson 27.5% Full story available on Benzinga.com

EBITDA 98

EBITDA Equity 98

Benzinga

AUGUST 31, 2023

Watts Water Technologies Inc (NYSE: WTS ) penned a deal to acquire Bradley Corporation for $303 million. The transaction value comes to around $268 million after adjusting for the estimated net present value of expected tax benefits of about $35 million.

Net Present Value 52

Net Present Value EBITDA Technology Marketability 52

Harvard Corporate Governance

SEPTEMBER 22, 2022

Either way, buyers dependent on acquisition financing will need to adjust for this accordingly—potentially, by using their cache of dry powder to write larger equity checks. It is likely that direct lenders will step in to pick up some of the slack left by more cautious capital markets. Acquirers will capitalize on attractive multiples.

Finance 239

Finance EBITDA Equity Marketability 239

Benzinga

MAY 15, 2023

BP plc (NYSE: BP ) subsidiary, BP Products North America Inc., completed the previously announced acquisition of TravelCenters of America Inc (NASDAQ: TA ) for $1.3 The acquisition price represented an 84% premium to the average trading price of the 30 days of $46.68 ending February 15.

EBITDA 52

EBITDA Equity Marketability 52

Benzinga

APRIL 1, 2022

(Nasdaq: HITI ) (TSXV:HITI) (FSE:2LYA) is e xpand ing its brick-and-mortar retail cannabis operations , by entering into a definitive agreement through which High Tide will acquire 100% of the equity interest of 2080791 Alberta Ltd. million and annualized Adjusted EBITDA of CAD$0.6 Paul, Alberta. The purchase price represents 3.5x

EBITDA 98

EBITDA Equity Marketability 98

Benzinga

APRIL 15, 2024

EV/2023A EBITDA and 6.3x EV/2023A EBITDA, including run-rate synergies. It represents a premium of over 11% to Friday’s closing price of $260.98. Encore’s implied Enterprise Value (EV) of around €3.9 billion represents a multiple of 8.2x As per the terms, Encore may. Full story available on Benzinga.com

EBITDA 59

EBITDA Enterprise Value Equity 59

Scott Mashuda

NOVEMBER 13, 2023

While debt is cheaper than equity , cost of debt plays a pivotal role in shaping M&A activity in the lower middle market. Valuation in the private markets is often defined by a business’ EBITDA. What is EBITDA? EBITDA is essential for planning exit strategies , such as selling a business or seeking investment.

EBITDA 89

EBITDA Equity Marketability Debt Financing 89

Benzinga

JULY 21, 2023

per share in cash, implying a valuation of approximately 13x trailing twelve months EBITDA. After transaction closure, KKR will support Chase in creating an equity ownership program to. As per the deal, KKR will acquire Chase for $127.50 Full story available on Benzinga.com

EBITDA 52

EBITDA Equity Marketability 52

Benzinga

MARCH 25, 2024

The purchase price represents an Enterprise Value 1 /EBITDA 2 multiple of approximately 6.6 Non-GAAP Financial Measures This press release also includes certain non-GAAP financial measures, including EBITDA and Enterprise Value to EBITDA. These are Atlantica's first operating assets in the U.K.,

EBITDA 49

EBITDA Enterprise Value Finance Equity 49

Valutico

DECEMBER 15, 2022

The ratio used might be EV/EBITDA, EV/Sales, P/E or another, depending on the valuation performed and the type of business being valued. So another major assumption when adopting this method, is that the type of ratio chosen as the comparison point, such as P/E or EV/EBITDA should be similar across similar firms. .

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Valutico

DECEMBER 15, 2022

The ratio used might be EV/EBITDA, EV/Sales, P/E or another, depending on the valuation performed and the type of business being valued. So another major assumption when adopting this method, is that the type of ratio chosen as the comparison point, such as P/E or EV/EBITDA should be similar across similar firms. .

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Benzinga

APRIL 22, 2022

Nasdaq: HITI ) (TSXV:HITI) (FSE:2LYA) has completed its acquisition of 100% of the equity interest of 2080791 Alberta Ltd. million and annualized a djusted EBITDA of CA$0.6 High Tide Inc. operating as Boreal Cannabis Company which operates two retail cannabis stores in Northern Alberta for CA$2.2 m illion ($ 1.73 Paul, Alberta.

EBITDA 97

EBITDA Equity Marketability 97

Benzinga

FEBRUARY 8, 2024

CEO Miguel Martin said that medical cannabis net revenue has increased significantly year-over-year, adding the third quarter represents the company's fifth consecutive quarter of positive adjusted EBITDA. million).

EBITDA 59

EBITDA Equity Marketability 59

Equilest

FEBRUARY 24, 2024

Market-Based Business Valuation Formula For a market-based calculation, use: CV = (EBITDA x 1.5) – (Current Liabilities x 0.5) Or V = (EBITDA * 1.3) / (Revenue – COGS) As an example, if a business's EBITDA is $300,000 and current liabilities are $50,000, the calculation would be: ($300,000 x 1.5) - ($50,000 x 0.5) = $425,000.

Business Valuation 40

Business Valuation Discounted Cash Flow Book Value Liquidation Value 40

Scott Mashuda

NOVEMBER 22, 2022

Business brokers primarily work on smaller transactional deals (less than $2 million EBITDA) that are likely to involve individual buyers, entrepreneurs, or local businesses. REAG offers a tailored, bespoke approach to creating successful outcomes for scalable businesses above $1 million EBITDA. Let us know if we can help you. .

Banking 98

Banking EBITDA Equity Marketability 98

Benzinga

JANUARY 19, 2024

and consensus: $4.02), adjusted EBITDA of $272 million – $275 million (vs. previous outlook of $265 million – $271 million), and adjusted EBITDA margin of 16.4% – 16.6% (vs. FY23 Preliminary : The company expects adjusted EPS of $4.05 – $4.15 (vs. prior guidance of $3.95 – $4.10

EBITDA 59

EBITDA Technology Equity 59

Benzinga

APRIL 1, 2024

of the equity of the combined company. Adjusted EBITDA was $(559,028) and $(1,034,565) for the three months ended December 31, 2023 and 2022, respectively. Adjusted EBITDA for the year ended December 31, 2023 and 2022 was $(3,225,199) and $(4,040,838), respectively.

EBITDA 49

EBITDA Marketability Technology Finance 49

BV Specialists

MAY 6, 2024

Two of the key variables in the analysis will be your gross revenue and adjusted net income (EBITDA), along with the potential for future growth, which can be determined based on a reasonable forecast of future revenue over the next 3-5 years.

Fair Market Value 64

Fair Market Value Appraisal EBITDA Equity 64

Benzinga

MARCH 25, 2024

CWT serves 4,000 customers and is expected to generate about $850 million of revenues and $70 million – $80 million of Adjusted EBITDA in 2024. The transaction values CWT at approximately $570 million on a cash-free, debt-free basis. “Bringing CWT onto the proven Amex GBT software and services model will create more choice for.

EBITDA 59

EBITDA Equity 59

Benzinga

FEBRUARY 5, 2024

fiscal 2023 EBITDA. Haynes International Inc (NASDAQ: HAYN ) penned a deal to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox SA (OTC: ACRXF ), for an enterprise value of about $970 million. The all-cash transaction price represents a multiple of 12.3x per share in cash, reflecting a premium.

Enterprise Value 64

Enterprise Value EBITDA Equity 64

Benzinga

APRIL 15, 2024

multiple on Snap One’s adjusted EBITDA for the twelve months ending December 29, 2023, further adjusted by including projected annual run-rate synergies of $75 million. The per-share price of $10.75 represents a 32% premium to Snap One’s closing shares price on April 12, 2024. The transaction represents a 7.4x

Net Debt 52

Net Debt EBITDA Technology Equity 52

Benzinga

NOVEMBER 7, 2023

KMI expects the investment to be accretive to its shareholders, with the purchase price representing a 2024 EBITDA multiple of 8.6 times and a long-term investment-to-EBITDA multiple of approximately 7.0-7.5 times, based on KMI's financial projections and inclusive of commercial synergies.

EBITDA 52

EBITDA Marketability Equity 52

Benzinga

JANUARY 4, 2024

Under the agreement, Ormat paid $271 million for 100% of the equity interest in the portfolio assets. The overall transaction was funded through available cash, in combination with $200M newly issued long-term corporate debt. We look forward. Full story available on Benzinga.com

EBITDA 40

EBITDA Technology Equity 40

Biz Equity

APRIL 13, 2023

Evolving Restaurant Outcomes from 2020 to 2021 Based on the improving fundamentals during 2021, the average (mean) asset sale value and equity value for restaurants rose considerably: The average asset sale value rose from $1,417K to $2,152K, or by $735K or 52%. The average equity value rose from $1,415K to $2,243K or by $826K or 58%.

Equity 98

Equity EBITDA Business Valuation Technology 98

Benzinga

MARCH 7, 2024

Adjusted EBITDA fell to $7.7 (NASDAQ: SSYS ) shares are trading higher after the company reported fourth-quarter FY23 revenue of $156.3 million, beating the consensus of $154.2 The adjusted gross margin expanded to 48.8% from 48.4% a year ago. Adjusted operating income was $2.0 million, down from $5.1 million a year ago. million from $10.7

EBITDA 52

EBITDA Equity 52

Benzinga

MARCH 7, 2024

Adjusted EBITDA rose to $113.9 (NYSE: KGS ) shares are trading lower after the company reported worse-than-expected fourth-quarter EPS results and issued FY24 guidance. Revenue of $225.98 million beat the consensus of $224.5 Compression Operations segment adjusted gross margin expanded 140 basis points Q/Q. million in the quarter from $103.2

EBITDA 52

EBITDA Equity 52

GCF Value

MARCH 1, 2022

An audit is balance sheet focused, whereas the QoE is concentrated on the income statement, emphasizing a company’s true ongoing earnings and cash flow potential, often measured as EBITDA. At this stage, a company’s pro forma EBITDA can then be compared consistently to the projections of future EBITDA generated by the company.

EBITDA 52

EBITDA Equity Compliance 52

Benzinga

JANUARY 4, 2024

CR estimates that Vian had trailing 12-month sales of about $33 million and adjusted EBITDA of around $8 million, with an order backlog exceeding. Full story available on Benzinga.com

EBITDA 59

EBITDA Technology Equity Marketability 59

Benzinga

DECEMBER 28, 2023

The deal price represents around 13x of normalized 2023 EBITDA. AMI provides application-specific analyzers and sensing technologies that monitor critical parameters to maintain infrastructure integrity, enable process efficiency, enhance safety, and facilitate the clean energy transition. Full story available on Benzinga.com

EBITDA 52

EBITDA Technology Equity Marketability 52

Benzinga

FEBRUARY 14, 2024

Adjusted EBITDA rose by. Adjusted EPS was $3.21, up from $2.49 a year ago, above the consensus of $2.86. Adjusted EBIT increased 18% Y/Y to $392 million, with margin expanding to 17% from 15% prior year quarter. Full story available on Benzinga.com

EBIT 52

EBIT EBITDA Dividends Equity 52

Benzinga

NOVEMBER 9, 2022

adjusted EBITDA without synergies and 5x adjusted EBITDA pro forma for synergies. 31, 2022, the acquired assets are expected to generate sales of approximately $270 million and EBITDA of $50 million. HARTSVILLE, S.C., The valuation is approximately 6.6x For the year ending Dec. Full story available on Benzinga.com.

EBITDA 40

EBITDA Equity Marketability 40

Benzinga

FEBRUARY 29, 2024

million Adjusted EBITDA of $237.6 million Adjusted EBITDA of $68.2 million Adjusted EBITDA of $237.6 million Adjusted EBITDA of $68.2 We will work quickly to realize synergies to drive improved Adjusted EBITDA margins and cash flows as we focus on investing in innovation and reducing our overall net leverage."

EBITDA 40

EBITDA Dividends Technology Total Shareholder Return 40

Benzinga

OCTOBER 2, 2023

The acquisition, an all-cash deal, was facilitated through Greif's pre-existing credit facility and is valued at approximately 6.75x proforma adjusted EBITDA. (NYSE: GEF ) has announced the acquisition of Reliance Products, Ltd., a producer of barrier and conventional blow molded jerrycans and small plastic containers in Canada.

Technology 59

Technology EBITDA Equity Marketability 59