Michael Girdley (@Girdley) and Mills Snell (@thegeneralmills) talk about a Legal Technology Provider. What makes this a great teaser? We dig into this deal to find the catch; why are we the lucky buyers? Is there a case for a strategic? Could you aim to build rather than buy it?
Company: Legal Technology Provider Opportunity Review
Location: United States
Stated Financials: 2022 Sales $ 7mm | 2022 Adjusted EBITDA $2.4mm
Asking Price: Contact the broker
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Show Notes:
(00:00) - Introduction
(00:49) - Our Sponsor is CloudBookKeeping.com
(04:23) - Deal & financials: Legal Technology Provider
(08:17) - What do we like?
(09:37) - If EBITDA is BS earnings, what is adjusted EBITDA?
(11:52) - What is the catch with this recurring income?
(14:43) - Is there a strategic buyer for this business?
(15:09) - What is @girdley’s pain-in-the-a** factor theory?
(17:57) - What is the most interesting part of this teaser?
(18:24) - What are the dynamics you will face if you want to purchase a business like this?
(20:04) - Why does this business still have a bizarre dynamic?
(25:14) - Where will you find the best value in today’s market?
(26:55) - Send over some Deals!
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