Victoria has announced the acquisition of International Wholesale Tile LLC (‘IWT’), a Florida based flooring distributor for $28.5m with an undisclosed conditional payment payable over the 4 years post acquisition. The acquisition is expected to be immediately earnings and cash flow accretive, bringing historic revenues and EBITDA of $63.2m and $7m respectively in the year ended 31st March 2022. The business, based in Florida, has delivered a revenue CAGR of 11.6% over the last 10 years and is h ....
19 Oct 2022
Acquisition of IWT
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Acquisition of IWT
Victoria PLC (VCP:LON) | 230 -12.6 (-2.3%) | Mkt Cap: 260.8m
- Published:
19 Oct 2022 -
Author:
Richard Hickinbotham -
Pages:
3
Victoria has announced the acquisition of International Wholesale Tile LLC (‘IWT’), a Florida based flooring distributor for $28.5m with an undisclosed conditional payment payable over the 4 years post acquisition. The acquisition is expected to be immediately earnings and cash flow accretive, bringing historic revenues and EBITDA of $63.2m and $7m respectively in the year ended 31st March 2022. The business, based in Florida, has delivered a revenue CAGR of 11.6% over the last 10 years and is h ....