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06/2021100%

Message Broadcast acquired by Link Mobility

UNITED STATES Software / MarTech EV $300–700M

Context

LINK Mobility acquired Message Broadcast to establish a significant foothold in the United States, positioning itself to capture growth in a fragmented and fast-paced market. The acquisition is designed to integrate a proprietary, high-margin communication platform into the Group's global ecosystem, significantly contributing to organic growth and overall profitability. By onboarding a management team with extensive industry experience, the Group aims to leverage existing relationships with blue-chip enterprise clients in sectors such as utilities and healthcare, where mission-critical communication is a non-negotiable requirement. This transaction is a central component of the Group's strategy to expand its product offerings and geographic footprint while maintaining its focus on scalability and innovation. The combined organization benefits from enhanced cross-selling opportunities and a broader, more diversified customer portfolio, accelerating the Group’s ambition to become the leading provider of B2C mobile messaging solutions in the North American market.

The acquisition of Message Broadcast is part of the growth strategy of Link Mobility, which already has several external growth operations under its belt, notably Teracomm in 2018.

Message Broadcast, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, standing directly in line with the average observed in the TMT (Tech, Media, Telecom) sector (14.2x in 2021).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Message Broadcast provides specialized messaging solutions and critical event notification systems tailored for the highly regulated utilities industry. The business model is centered on providing mission-critical communication infrastructure that enables utilities to manage high-volume transactional alerts and real-time event-based messaging. Its value proposition is built upon reliability and the ability to operate within complex, regulated utility environments where accurate, time-sensitive communication is required. The company’s strategy focuses on delivering niche, high-value alerting services that function as a critical utility-grade communication layer. By providing tools that are adaptable to weather-dependent events and specific customer operational needs, the firm facilitates direct, reliable connectivity between utility providers and their customers.

Ent. Value

$300–700M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2020
[members only]
$10–30M
[members only]
2019
[members only]
$10–30M
[members only]

Other operations with Message Broadcast

Other operations with Message Broadcast
DateAcquirerTargetCountrySector
11/2023OCEANSOUND PARTNERSMESSAGE BROADCASTUNITED STATESMarTech

Other operations with Link Mobility

Other operations with Link Mobility
DateAcquirerTargetCountrySector
10/2018ABRY PARTNERSLINK MOBILITYNORWAYMarTech
02/2018LINK MOBILITYTERACOMMBULGARIAMarTech
01/2018LINK MOBILITYTOTALCONNECTITALYMarTech
01/2018LINK MOBILITYHORISEN MESSAGINGSWITZERLANDMarTech
01/2018LINK MOBILITYSMS ITALIAITALYOperators

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REFERENCES

Valuation range: EV $300–700M

EBITDA range: $10–30M

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Message Broadcast by Link Mobility are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: link mobility

FAQ

What transaction does this page cover?

This page covers Link Mobility’s acquisition of 100% of Message Broadcast, an American company specialised in MarTech, in 2021. Ownership has since evolved, leading to a subsequent transaction with Oceansound Partners in November 2023 (see the dedicated deal page for details).

How was the acquisition of Message Broadcast by Link Mobility valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $300–700M band and its EV/EBITDA multiple within the 10x - 18x range. Exact figures are available to members.

What was Message Broadcast’s EBITDA at the time of the deal?

At the time of the transaction, Message Broadcast’s EBITDA was estimated within the $10–30M bracket (FY 2020). Detailed financial figures are available to members.

How does the valuation of Message Broadcast compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

With an estimated multiple range of 10x - 18x, the transaction stands directly in line with historical averages for the TMT (Tech, Media, Telecom) sector (14.2x in 2021).

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.