Seems all HC TPP commentators are presently moribund, so thought I would open the batting (and hopefully elicit some critical responses and constructive views on the TPP news of the day).
My first take on the announcement - the acquisition:-
Delivers to Tempo a national footprint/network (already washing its face) - FOB for the rest of the pre existing Tempo activities without the headache of acquiring or separately (on a stand alone basis) having investing in a national distribution infrastructure - on other words, well established East coast presence delivered up
Is apparently reasonably priced (reflect on the private to public company multiple re-rating potential).
Offers realistic potential operational synergies , including an enhanced quality customer base with a broader menu (of services).
Perhaps most cogently, the acquisition has been scrutinised and endorsed by a highly committed ($ down up front) and knowledgeable board, well regarded (individually and collectively),with relevant regional specific experience, East and West (cross reference -the recent strategic placement).
Post acquisition. Tempo still have cash at bank (and no external debt)
What is not to like?
Ann: Tempo Acquires National Maintenance Contractor KP Electric, page-2
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
