Exigo Holdings
Railroad Purchase
Railroad Purchase
•Multi year advisory of executives towards a strategic exit, explored investment banks vs. direct sale.
•Due to market conditions (low interest rates) decided to go direct to market.
•Identified private equity buyer (Gauge Capital) and closed for 14X Ebitda ($240MM) within months of interest rates increasing and valuations dropping.
Railroad Purchase
Railroad Purchase
Railroad Purchase
•Purchased contract for 4.5 miles of railroad materials ($100k)
•Sold and scrapped materials for $2MM and netted $1.5MM plus after expenses.