Heavy Debt Loaded Convergint Financials Analyzed

***** **********'* ****** **** ** "*** and ********" (******** **********), *** ********* ** ********** ** a ****** ********* ******* ****** *** company ****, ********* ** **** ******* close ** *** *******, ** ******* towards ** *** (*.*., ****** ****** ****-****$** ******* ******* ******).

*** *** **** **** **** ********** have, *** *** **** ** ******* to *** *******, *******, *** ****** rate? *** **** **** **** ******* for **********'* ******?

**** ******** **** ******* ***** ********* as ********** ***** ********* *********** **** roll-ups ************* ** ****** (******** ***)*** *** ********* ** ********** (*** *** *********)*** ********* ** (*** **-**** *********).

Background ********* *******

********** *** **** ********** **** ** private ****** ***** ***** ********* *******, in ***** *** ******** ***** ** the ******** ******* **** ****. **** a ****** ****** ***** **** ****, since ***** *** ******* **** ** most ** *** ******** *****, ***** increases ** ******* ****** ********* *** result ** * *** ******* ******** of ******* (****, **** ***** "*********").

** *** *** ****, **** ** investor's ***********, **** ** ******** *** expected. ** *** ***** ****, **** the ******** ***********, ********** ***** **** in *** ****** ******* ** ******** professionals, *********** "*** *** ********," ****** its *** *********, ** *** **** debt *** **** ***** ** **********.

Especially **** ****

**********'* ****, **** *** ********* ******* (i.e., ****), ** ********** ****, *********'* ************* ** ****** ** *.**, ***** is ******** ** **** *** *.** in **** **** ********** ******* *********** ** *****. **** ******* *** ***** **** compared ** **** **** ***************** *** **** (******* **). *** ****** **** ********, *** greater *** ****, ** ********* **** less **** **** ** ******* *** high ****.

*****'* ***** **********'* **** ** **, which **** ******** ****** ** "*** prime" *** ***************** *********** * "**** ********** **** *** at *** ****** *** ** **** bonds."

$2 ******* ****

********** *** **** $* ******* ** debt,*** *****'*, ****** **** **** * *** years ***, *** ****** **** *** revenue *** ****** *** *****, ** indicated ** *** **** ** ****** ratio ****** / *********.

EBITDA ****** ~**%

** ********* **********'* **** ****** ****** as ******* **%, ***** ** ******** Convergint's **** ** *** **** ** EBITDA ***** ** ********* *** ****** ($2+ ******* / *.* = $*** million) *** **** ******** *** ****** by *** ******** **** ******* ($*.** billion, *** ************ ** ****** **** ****** ~$*** ******* / $2.15 ******* = ~** ** ** percent).

2023 ******* ***** **** *********

***** ** ***-****,********** ********** ********* ** "* $*.* ******* ***" company, ********'* ******** ******** **********'* **** ******* ** exceed $*.* *******, ** ******** ******* significantly **** **** **** ** ***, at $*** ******* ***** *** ****.

2023 ******* ****** ~**%

**********'* **** ******* ****** *** **** under **%, ***** ****** ($*.** *******)******* ($*.** *******), *** ******* **** ***. **** total ****** (** ~$*** *******) ******** acquisitions, ** *************** ********* ** **** *** * ** 2023.

******* ****** **** *** ******* * to *%, ********* ** *** **** revenue **** **** ***** ************. **** is ** **** **** *********'* ******** ****, *.*., "****-******-***** **** (** an ******* *****)."

Net ****** ***

******* ** *** ***** ****, ** project **********'* ****** *** ****** ** be ***, ** *** ***** ** 5%. **** ** ***** ** *** EBITDA ****** ** ~**% *** **** subtracting ******** ******** (*.*., ******** ** interest **** ** *-*% ** $* billion ******* ** ******** ******** ******** of $***+ *******, **** ** **********'* ~10% ****** *******).

Publicly ****** *******

***** ** ***** ***** ** ****** and ****** ****** ** **** ******** and ****** ***** *********, ** *** when ********** ******* ******** ******, ********* will ***** **** ** *** *******'* actual *** ****** (** **** *******).

****, **** **** ****** **** ****** problems *** ******* ******** ****** *********, e.g. ******'* *** ******** **** ********* **** "screaming"** **** ** *** **** ** lower *********** ****** **** **** ********** has.

Convergint *******

**********, ******, ***'* **** ** ********** will ********* ** ****** ** *** much **** ******* ********** *** **** its ******* *** ******** *** *** operating *******.

** *** ******** ****, ********** *** grown *** ******* *** ****** **** IPVM, *** **** ** *** ******** ever ******** **** *****, ** ********** could ******* *****.

*******, **********'* **** **** ** ****** and **** ********* *******, **** **** despite *** ******* ** ************* ***** that **** **** *** ********* * significantly **** ********** ******** **** *** average ********** ********* **** ********.

***** *** *********, ********** ***** *** aggressive *** ** ******** *** ********** profit **** **** ******, ******* ** is **** *** *** ********* ** its ********* ******* ** ** ****. In **********, *** ******* ** **** from **** ** **** ** ********** has ***** *** ** / **** it ******* ******, *** ********** ** its ***** *** ******** *** ****** at *** ******* ******* ** ******* for *********.

Convergint ******* ******** ** ** "******"

***** *** ******** ******** ** **********, a****** **** ***** ********** **********'* ******* *** ******'* ****** tower ********** ** ****** ** ** "seized" ** *** ******. ********** **** estate ******* *** *** ******* **** and ******** **** ********** *** ** rising ******** ***** *** ***** ********* over *** **** *** *****. *******, this ******** ** * ******** **** very **** ******** *** ***** ***** returns *** ***** ** ***** ***** failure.