Quick Value #227 - Merger of equals

Recently closed merger with upside from integration & deleveraging

Today’s idea:

• Recent “merger of equals”

• Shares trade at ~8.3x EBITDA

• High quality business with >30% EBITDA margins

• Significant EBITDA/FCF growth expected from combination

This is a “top of the pile” idea for me with still ongoing research. Might do a follow up post on it in the near future.

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