Canyon has announced a complementary fluid hauling acquisition for $9.5 mm. The P/Book multiple for this transaction was 0.8x and we estimate payback will be less than four years. We estimate EBITDAS contribution of $2.5 mm to $3.0 mm in 2016e, or payback of 3 to 4 years.
Our estimates have only undergone moderate changes.
11 Sep 2015
Canyon Services Group Inc. (FRC) Announces Acquisition and Reduces Dividend by 60%
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Canyon Services Group Inc. (FRC) Announces Acquisition and Reduces Dividend by 60%
Canyon has announced a complementary fluid hauling acquisition for $9.5 mm. The P/Book multiple for this transaction was 0.8x and we estimate payback will be less than four years. We estimate EBITDAS contribution of $2.5 mm to $3.0 mm in 2016e, or payback of 3 to 4 years.
Our estimates have only undergone moderate changes.