Been giving this a bit of thought... AUGUST 24,
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Posted On: 09/30/2021 10:10:46 AM
Been giving this a bit of thought...
AUGUST 24, 2021 8:30AM EDT - VERB Engages Truist Securities to Advance its Acquisition Strategy
https://ir.verb.tech/news-events/press-releas...cquisition
"We have engaged Truist Securities in connection with one of those opportunities."
You may be asking yourself, why only one of these opportunities, when there are a number of them?
In the video from Sept 7 Rory talks about 3 different types of acquisitions they are look at. Not just 3 companies, but 3 different types of acquisition opportunities
1.) Take someone else's tech, add it to Verb's platform, charge new and existing clients more $
2.) Take Verb technology and add it to another companies existing technology in a different vertical and they charge more $
3.) Buy a CDW network to lowers cost and increase margins
You can listen to each at in the video linked below starting at the 17:50 mark
Now if it's only one opportunity they engaged Truist Securities, which category is it?
My guess would be #2 and the company is known already. In describing #2, Rory said they were profitable. How would he know unless they have been in discussions for awhile.
#1 & #3 you likely wouldn't need Truist Securities, but you could leverage them to structure the deal. But then again, you could get many other companies to do that and probably cheaper.
One thing to note. The deal sizes that Truist Securities works with is usually very large.
https://www.truistsecurities.com/transactions
That Martin Marietta one is 2.5 trillion but that isn't M&A so filter on M&A
Majority of them are 9 figures as least the ones that are disclosed
Go search through them all and find the smallest M&A published deal and let me know what you find.
Yeah, a LOI or a MOU would be mighty taste right around now
With Truist Securities engaged and the EVP Corporate Development hired in June who "Oversee M&A/corporate development, Strategy and organic growth of the company", my expectation are high.
Rory did mention 'powerhouse' and trying to get some of these done before the end of the year. That could be closing before EOY or a LOI or a MOU before a EOY.
I'm thinking closing, in which case, a LOI or a MOU could come 'shortly' if they want it to be known.
AUGUST 24, 2021 8:30AM EDT - VERB Engages Truist Securities to Advance its Acquisition Strategy
https://ir.verb.tech/news-events/press-releas...cquisition
"We have engaged Truist Securities in connection with one of those opportunities."
You may be asking yourself, why only one of these opportunities, when there are a number of them?
In the video from Sept 7 Rory talks about 3 different types of acquisitions they are look at. Not just 3 companies, but 3 different types of acquisition opportunities
1.) Take someone else's tech, add it to Verb's platform, charge new and existing clients more $
2.) Take Verb technology and add it to another companies existing technology in a different vertical and they charge more $
3.) Buy a CDW network to lowers cost and increase margins
You can listen to each at in the video linked below starting at the 17:50 mark
Now if it's only one opportunity they engaged Truist Securities, which category is it?
My guess would be #2 and the company is known already. In describing #2, Rory said they were profitable. How would he know unless they have been in discussions for awhile.
#1 & #3 you likely wouldn't need Truist Securities, but you could leverage them to structure the deal. But then again, you could get many other companies to do that and probably cheaper.
One thing to note. The deal sizes that Truist Securities works with is usually very large.
https://www.truistsecurities.com/transactions
That Martin Marietta one is 2.5 trillion but that isn't M&A so filter on M&A
Majority of them are 9 figures as least the ones that are disclosed
Go search through them all and find the smallest M&A published deal and let me know what you find.
Yeah, a LOI or a MOU would be mighty taste right around now
With Truist Securities engaged and the EVP Corporate Development hired in June who "Oversee M&A/corporate development, Strategy and organic growth of the company", my expectation are high.
Rory did mention 'powerhouse' and trying to get some of these done before the end of the year. That could be closing before EOY or a LOI or a MOU before a EOY.
I'm thinking closing, in which case, a LOI or a MOU could come 'shortly' if they want it to be known.
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