M&A · Tech · Services-Computer Programming, Data Processing, Etc.
Graham Partners to acquire DecisionPoint Systems, Inc.
Announced May 1, 2024 · Closed Jul 5, 2024
Deal value$78MEV $81M
Premium27.0%To unaffected price
EV / Adj. EBITDA10.0x0.7x EV / Revenue
ConsiderationAll cash$10.22 per share
Transaction
- Acquirer
- Graham Partners
- Target
- DecisionPoint Systems, Inc.
- Buyer type
- Strategic
- Offer price per share
- $10.22
- Enterprise value
- $81M
- Status
- Closed Jul 5, 2024
Deal protections
- Break fee (target pays)
- $2.6M · 3.3%
- Reverse fee (buyer pays)
- $5.2M · 6.6%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Craig-Hallum
Sector context · Tech
- Comparable deals
- 55 in the prior 24 months
- Premium
- 27.0% vs. 46.0% sector median
- EV / Adj. EBITDA
- 10.0x vs. 15.5x sector median
- Break fee
- 3.3% vs. 3.0% sector median
Timeline
- AnnouncedMay 1, 2024
- Proxy filedMay 20, 2024
- Definitive proxyMay 31, 2024
- Shareholder voteJul 1, 2024
- ClosedJul 5, 2024