MPX - OneWater Marine IPO: Goldman Sachs Is Betting On The Boat Industry
Growing Adjusted EBITDA at 131% y/y, OneWater Marine (OWM) will most likely interest many market participants. Besides, the fact that Goldman Sachs (GS) acquired equity of the company will please some investors. With that, readers should understand that the company may acquire fewer businesses in the next 24 months. As a result, EBITDA growth may decline. With this in mind, besides forward EBITDA of $65 million, we believe that the company is a buy at an enterprise value of $390 million.
Source: Prospectus
Source: Prospectus
Business Growing Through Acquisitions
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