New Decent-Sized Acquisition for This Hidden Acquirer
7% uplift to last quarter's RTM EBITA
Earlier today, the serial acquirer we profiled two weeks ago announced a new acquisition.
The deal is strongly accretive to EBITA and drives 9% growth compared to the recurring group EBITA generated in FY25. Accounting for the Q1 M&A activity, it’s an uplift of about 7% to the recently disclosed RTM figure.
It looks to be a company that’s become increasingly profitability-focused with EBITA margins now running in the 17-ish percent range (based on public disclosures), up from 9-10% previously.