Deal under LOI: looking for investors comfortable with "sin industries"

February 18, 2025
by a searcher from Columbia University in Brooklyn, NY, USA
Have a $18m revenue, $3m EBITDA company under LOI, providing marketing-related services to the alcohol industry. The company is starting to work with cannabis brands as well.
Many investors aren't able / willing to invest in those industries (to be clear, this company does not sell cannabis or alcohol; their customers are the brands and their distributors). However, these are heavily-regulated industries, creating a barrier to entry and allowing this business to be regionally dominant (~80% market share) with decades-long recurring customer relationships. This company has an opportunity to transform into the national leader for their services through a buy-and-build strategy.
We're just about done with the QOE and putting together an investor syndicate. If you like sin industries and want a business with asymmetric upside, reach out: redacted
from The University of Texas at Austin in Dallas, TX, USA
from Columbia University in Miami, FL, USA