Cabco Communications sold
https://www.thechronicleherald.ca/business/cabco-communications-sold-to-local-investors-307611/
The Chronicle Herald is reporting that Dartmouth, NS-based Cabco Communications Group has been sold to a group of local investors, led by Jim Mills (CEO of Halifax-based Office Interiors). Cabco is a cabling & technology equipment sales, installation and service provider.
This is another example of the type of financial buyer I have spoken/written about many times. In many sectors, private equity (or informal private equity in the form of a group of investors, in this case) has become a strong & credible alternative to ‘traditional’ industry/strategic acquirers.
Congratulations to majority owner Craig Meredith on his succession and exit!
Any idea what multiple of EBITDA the deal closed for?
Mark Dyer
November 6, 2019 at 2:05 pm
That is of course confidential
Dan Jennings
December 23, 2019 at 3:26 pm