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Baton Rouge-based BBQ Guys (Shoppers Choice) going public; to be listed on NASDAQ
Posted on 7/20/21 at 12:41 pm
Posted on 7/20/21 at 12:41 pm
quote:
According to a company announcement, the online BBQ grills and outdoor living products retailer has entered into a definitive business combination agreement with the specialty purpose acquisition company that will result in BBQGuys becoming a publicly listed company on Nasdaq under the new ticker symbol BBQG.
The transaction values the combined entity at $963 million. Current BBQGuys investors Brand Velocity Partners and NFL veterans Archie Manning, LaDainian Tomlinson and Steve Hutchinson will own 71% of shares.
LINK
quote:
BBQGuys may continue to drive growth through acquisitions, possibly in adjacent categories or other brands, Wheeler says. As reported by Daily Report, the firm acquired California-based grilling accessories manufacturer Pacific Coast Manufacturing in April.
3
Posted on 7/20/21 at 1:13 pm to JDPndahizzy
quote:
Best I can tell is they don't even have there own line. I don't see how an online store selling other manufacturer's items is valued just shy of a billion dollars..
I do like their store though.
LINK
They have packages for outdoor space, but I've never bought anything from them. Revenue is expected to be about $320 million this year.
This post was edited on 7/20/21 at 1:14 pm
Posted on 7/20/21 at 2:05 pm to JDPndahizzy
quote:
Best I can tell is they don't even have there own line. I don't see how an online store selling other manufacturer's items is valued just shy of a billion dollars..
I don't see how an online story selling other people's books could ever work.....
Posted on 7/20/21 at 2:32 pm to goofball
quote:
BBQGuys CEO Russ Wheeler
Posted on 7/20/21 at 2:41 pm to JDPndahizzy
Pretty sure the blaze line they sell is made by them
Posted on 7/20/21 at 3:02 pm to whodatigahbait
quote:
I don't see how an online story selling other people's books could ever work.....
Posted on 7/20/21 at 4:07 pm to whodatigahbait
quote:
I don't see how an online story selling other people's books could ever work.....
FWIW Amazon was valuable in spite of being an online store selling 3rd party books. They mastered online sales before anyone else could have and scaled appropriately. I don’t see BBQG doing the same thing
Posted on 7/20/21 at 9:03 pm to goofball
What's the over/under on this company relocating out of LA?
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