article thumbnail

Bel Closes Its Previously Announced Acquisition of Enercon Technologies

Benzinga

Bel has acquired an 80% stake upfront for $320 million (subject to customary adjustments), plus up to $10 million of potential earnout payments for the 2025-2026 period, with the intent to purchase the remaining 20% by early 2027 based on future EBITDA performance.

article thumbnail

Sports Betting: FanDuel Parent Wields M&A To Expand

Global Finance

Snaitech generated $285 million of adjusted EBITDA in 2023 and NSX is expected to report $34 million of adjusted EBITDA for 2024, according to New York-based investment bank Needham & Company. The sports betting giant spent roughly $3 billion in total; both acquisitions are expected to close in the second quarter of 2025.

EBITDA 75
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Noninvasive Treatment Provider Neuronetics Agrees To Merge With Canadian Firm Greenbrook TMS; Reports Q2 Earnings And Guidance Below Expectations

Benzinga

Additionally, the combined company expects mid-teens year-over-year revenue growth in fiscal years 2025 and 2026. Through optimizing marketing spend and back office functions, the combined company expects to realize at least $15 million of annualized cost savings, most of which will be realized in fiscal year 2025.

EBITDA 52
article thumbnail

Parsons Completes Acquisition of BCC Engineering

Benzinga

The acquisition strengthens Parsons' position as an infrastructure leader while expanding the company's reach in the Southeastern United States, an area where the Infrastructure Investment and Jobs Act (IIJA) provided approximately $100 billion in Federal Highway Administration formula dollars for fiscal years 2022-2026.

EBITDA 40
article thumbnail

Parsons to Acquire BCC Engineering

Benzinga

This acquisition strengthens Parsons' position as an infrastructure leader while expanding the company's reach in the Southeastern United States, an area where the Infrastructure Investment and Jobs Act (IIJA) provided approximately $100 billion in Federal Highway Administration formula dollars for fiscal years 2022-2026.

EBITDA 40
article thumbnail

Altus Group Announces Agreement to Sell Property Tax Business to Ryan, LLC

Benzinga

2023 Adjusted EBITDA multiple for the business segment and over 16x 2023 Free Cash Flow* (over 14x net proceeds). pro forma Funded debt to EBITDA ratio. Pro forma financial performance is expected to be in-line with other leading software, data and analytics companies. million as at the end of March 31, 2024) to target 2.5x

EBITDA 45
article thumbnail

Standard BioTools Reports Third Quarter 2024 Financial Results

Benzinga

Last quarter, we announced the acceleration of our anticipated $80 million of merger synergies into 2025, contributing to a 50% improvement in adjusted EBITDA year over year, keeping us on track toward achieving our break-even adjusted EBITDA target in 2026." million, versus an adjusted EBITDA loss of $28.2

EBITDA 40