Acquiring from another Searcher
I have come across a deal that was acquired 5 years ago by another searcher. It seems like they have improved gross margins on the business and added some tech, but no material increase in revenue. Recast EBITDA is ~$1m and margins are > 20%.
I would like to pay 4x or less, though they are likely looking at 6x plus.
What would you pay and would you buy from another searcher?