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Re: junkHustler post# 285

Wednesday, 12/11/2019 1:51:37 PM

Wednesday, December 11, 2019 1:51:37 PM

Post# of 384
More detail:

M Partner analyst:

It is an all-cash transaction for US$3.3M (C$4.4M). In 2019 CDA generated US$6.5M (C$8.6M) in revenues and US$670K (C$880K) in EBITDA, implying a 5x multiple. It also has excess working capital of US$1.7M. Xebec financed the acquisition through its available support from Export Development Canada.

Looks like another high value deal for XBC.