McCann Roofing Products becomes Brickability's first acquisition since IPO in late August and kicks off the ‘Buy and Build' strategy which will focus on related or (client) compatible businesses. It is also on point financially being acquired at a c4x exit EV/ EBITDA and 0.33x EV/sales, both ratios that are below the existing group rates of c7x (to Mar-21) and c0.8x thus instantly ‘adding value'. We fully anticipate McCann being the first in a series of accretive buys that, in parallel with goo ....
14 Feb 2020
Cenkos: Brickability Group Plc - Let the acquisition strategy begin
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Cenkos: Brickability Group Plc - Let the acquisition strategy begin
Brickability Group PLC (BRCK:LON) | 67.5 1 2.3% | Mkt Cap: 215.7m
- Published:
14 Feb 2020 -
Author:
Cavendish Research -
Pages:
5
McCann Roofing Products becomes Brickability's first acquisition since IPO in late August and kicks off the ‘Buy and Build' strategy which will focus on related or (client) compatible businesses. It is also on point financially being acquired at a c4x exit EV/ EBITDA and 0.33x EV/sales, both ratios that are below the existing group rates of c7x (to Mar-21) and c0.8x thus instantly ‘adding value'. We fully anticipate McCann being the first in a series of accretive buys that, in parallel with goo ....