M&A · Industrials · Photographic Equipment & Supplies
Fundamental Global Inc. to acquire Strong Global Entertainment, Inc.
Announced May 31, 2024 · Closed Sep 30, 2024
Deal value$14MEV $11M
Premium—To unaffected price
EV / Adj. EBITDA5.7x0.3x EV / Revenue
ConsiderationAll stock$1.73 per share
Transaction
- Acquirer
- Fundamental Global Inc.
- Target
- Strong Global Entertainment, Inc. (SGE)
- Buyer type
- Strategic
- Offer price per share
- $1.73
- Enterprise value
- $11M
- Status
- Closed Sep 30, 2024
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Industrials
- Comparable deals
- 78 in the prior 24 months
- Premium
- Sector median 40.0%
- EV / Adj. EBITDA
- 5.7x vs. 9.9x sector median
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedMay 31, 2024
- Proxy filedAug 13, 2024
- Definitive proxyAug 13, 2024
- Shareholder voteSep 17, 2024
- ClosedSep 30, 2024