What did FG Merger Corp. pay for iCoreConnect?

FG Merger Corp. acquired iCoreConnect for $98.0M in 2023, equivalent to 12.10x revenue. Target revenue was approximately $8.1M.

What does iCoreConnect do?

iCoreConnect is a healthcare it business.

What multiple did FG Merger Corp. pay for iCoreConnect?

12.10x revenue, based on disclosed deal value of $98.0M and disclosed financials.

M&A TRANSACTION · 2023

iCoreConnect acquired by FG Merger Corp.

$98.0M· 12.10x revenue

Target

iCoreConnect

Acquirer

FG Merger Corp.

Disclosed financials at time of acquisition

Revenue

$8.1M

EBITDA

—

Deal Value

$98.0M

EV/EBITDA

—

Context

This $98.0M acquisition of iCoreConnect by FG Merger Corp. sits in the healthcare it sub-vertical.

Source

Data sourced from Press releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2023). iCoreConnect acquired by FG Merger Corp.. https://exitvalue.ai/deals/icoreconnect-acquired-by-fg-merger-corp-hc-2023-0053