M&A · Industrials · Services-Business Services, NEC
Kontron Merger Sub., Inc. to acquire Bsquare Corp
Announced Oct 11, 2023 · Closed Dec 7, 2023
Deal value$38MEV $25M
Premium—To unaffected price
EV / Adj. EBITDA—0.8x EV / Revenue
ConsiderationAll cash$1.90 per share
Transaction
- Acquirer
- Kontron Merger Sub., Inc.
- Target
- Bsquare Corp (BSQR)
- Buyer type
- Strategic
- Offer price per share
- $1.90
- Enterprise value
- $25M
- Status
- Closed Dec 7, 2023
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Industrials
- Comparable deals
- 76 in the prior 24 months
- Premium
- Sector median 49.0%
- EV / Adj. EBITDA
- Sector median 10.8x
- Break fee
- Sector median 2.9%
Timeline
- AnnouncedOct 11, 2023
- Tender offerOct 11, 2023
- ClosedDec 7, 2023