- April 22, 2020
- Posted by: Waldon
- Categories:
| Company Name | Lilikoi Technologies |
|---|---|
| Contact Name | dan hodgson |
| Contact Email | Email hidden; Javascript is required. |
| Contact Phone | (701) 640-4142 |
| Opportunity Name | Lilikoi Technologies |
| Location of Business | Fargo, ND |
| When was the business started? | 2010 |
| What is the business most known for? | owns unique licensed Global IOT spectrum and acquiring SAAS solutions for IOT |
| Who is/are owner/owners? | SNAPS Holding Co, led by Sanjay Patel and LGD5, LP, an LGI Fund |
| Why sell the business? | we are offering the opportunity to invest in minority shares alongside our majority ownership to build this high growth opportunity in IOT in the public market leading to an IPO in 2025 |
| Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level? | no |
| Who will remain on the ownership level? | all key leaders |
| Is the owner(s) planning to stay around? If so, what is their thinking? | yes, he is investing 55%-60% himself and building the company |
| What is the maturity level of the business? | Post Revenue and Profitable |
| EBITDA or Profit for same period | $7 million |
| Trailing 12 Month Revenue | $65 million |
| Trailing 12 Month EBITA | $10 million |
| Any significant debt on the business? | no |
| Why did the business start? | founder acquired rights to licensed spectrum and built the micro devices to scale globally with vision to acquire SAAS and as needed, hardware companies, for the only solution for last mile, and last floor, for IOT for smart buildings, smart infrastructure, smart rural and agriculture, and smart industrial |
| Why did the business start? | founder acquired rights to licensed spectrum and built the micro devices to scale globally with vision to acquire SAAS and as needed, hardware companies, for the only solution for last mile, and last floor, for IOT for smart buildings, smart infrastructure, smart rural and agriculture, and smart industrial |
| How did business get to where it is at? | founder acquired 3 operating businesses after capitalizing the network for 10 years with $30 million |
| Aggregations or Organic growth? | aggregations |
| Any tailwinds or headwinds facing business/sector? | Asset monitoring for automation is in high demand in the labor shortage driven market |
| Sector insights from owner and what the opportunity going forward with new owner might look like? | we will keep majority control and are looking for added value co-investors |
| What is the unique story of business -- how is it different then their competition –what makes them better/worse? | only licensed solution for IOT acquiring all the SAAS solutions |
| Provide any additional notes, information or data that supports this opportunity | acquiring 7 to 10 additional companies now bringing company to $200 million revenue and $20 million EBITDA and then adding unique value of network to scale leading to IPO in 2025 |
| Financials | Lilikoi-Valuation-August-Brown-July2023_SUMMARY_WOT.pdf |
| Date Created | August 28, 2023 |
| Date Updated | August 28, 2023 |