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Announced

Completed

Midwich Group completed the acquisition of Starin Marketing for $46m.

Financials

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Transaction Value£35m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.2x
EV/EBITDA7.6x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Private

United States

Specialty Retailers

Completed

av distributor

Majority

Single Bidder

Cross Border

Synopsis

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Midwich Group, a specialist audio visual distributor to the trade market with operations across the UK and Ireland, Continental Europe and Asia Pacific, completed the acquisition of Starin Marketing, a specialist value-add AV distributor in the US, for $46m. "The acquisition of Starin Marketing is a significant day in Midwich Group's history, marking our entry into North America, the largest AV market in the world. Starin's exposure to, and relationships in, the growing unified communications segment will be greatly beneficial to Midwich as it seeks to increase revenues in this fast growing AV sub sector across its global network. The highly experienced management team has built a great business and I look forward to welcoming them and the wider team into the Midwich Group," Stephen Fenby, Midwich Group Managing Director.

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