Velocity Acquisition Corp. (VELO) to Combine with BBQGuys in a $839M Deal

Velocity (NASDAQ:VELO) has entered into a definitive agreement to combine with outdoor living ecommerce platform BBQGuys at an enterprise value of $839 million, or 17x its 2022E EBITDA. BBQGuys is a e-retailer of higher-end grills, accessories and backyard products for homeowners and professional builders. The combined company is expected to trade on the Nasdaq under
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