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VIDEO – Logiq Begins M&A Cycle With Digital Marketing Agency Anticipating $3.8M In 2022 Revenue. More Coming
Logiq is the the AGORACOM of the e-commerce world. Whereas AGORACOM helps small-mid cap companies win the attention of investors, Logiq helps SMB’s compete against megabrands in e-commerce
The global e-commerce market surpassed $9 TRILLION in 2019 and is scheduled to grow by a CAGR of 14% into 2027 … But mega brands control almost 70% of the US market alone and are using their strength to win even more market, making it harder for SMBs to compete in this massive market.
ENTER LOGIQ
Logiq is an award-winning e-commerce and fintech solutions company that is addressing that problem by helping drive e-commerce for SMBs around the world.More than just lip service $LGIQ reported revenues of $37.9M in 2020 and is expecting the final 2021 numbers to come in even stronger, with margin growth expected to grow more than 60%.
$LGIQ believes M&A is going to play a big role in its growth given the fragmented state of the digital marketing industry.Today, the company kicked off what is expected to be a strong M&A cycle by announcing A Binding LOI to Acquire Digital Marketing Agency Battle Bridge.
Who is Battle Bridge?
Battle Bridge is a rapidly growing, leading boutique provider of digital brand marketing services. It anticipates booking $3.8 million in 2022 revenue with $1.4 million in (EBITDA) positive cash flow. In addition, they are a certified partner of Google, Shopify, bing ads, ima, and has been featured in Forbes, HuffPo, Wix.com and other leading publications.
What did Brent Suen, Logiq Chairman and CEO have to say?
“…The big takeaway for investors is that this is just one of several potentially accretive acquisitions that we’re currently considering. We’ve analyzed an initial list of nearly 100 prospective industry targets, narrowed it down to a short list of exciting, innovative and accretive targets that we are actively exploring for a transaction. Financially, our goal for 2022 is to reach a breakeven EBITDA run rate by year-end – a goal that shapes every strategic decision.”
Sit back, relax and watch this powerful interview.
