Postmortem of a Broken Deal
Acquiring Minds
00:00
The Disagreement Between the Seller and the L.O.I.
Nick: The offer was, you know, because it's seasonal, I really kind of looked at what this looked like over the last three years. It was about a four times EBITDA multiple on a three year average. And then a big part of that, we did have a seller note in place. So there was another few hundred thousand dollars of working capital that I would be responsible for on the construction side that wasn't well accounted for and he wasn't really tracking well through his QuickBooks.
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