Ashford Inc.: M&A transaction — Ashford Inc. completes $11M acquisition of Maui watersports operator Alii Nui

Ashford Inc.

Total purchase price $11.0M: $8.0M cash, $1.0M contingent consideration, $2.0M in RED preferred units.
Net assets acquired $11.3M; includes $736K goodwill, $1.6M trade name, $6.25M state operating license (20-yr amort.).
Contingent consideration of $1.0M tied to obtaining a marine vessel permit; $500K due on permit date, $500K at 18-month holdback.
Acquisition completed March 17, 2023; revenue, earnings, and assets not significant to Ashford's consolidated financials.

item 9.01 item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Ashford Inc. completed an acquisition involving Alii Nui and Maui Dive Shop for $11.0 million (closed 2023-03-17).

Action: acquisition
Counterparty: Alii Nui and Maui Dive Shop
Consideration: $11.0 million
Closing: 2023-03-17

Exact text from the filing

RED completed the transaction to acquire Alii Nui on March 17, 2023 for a total purchase price of $11.0 million, which consisted of $8.0 million in cash (subject to certain adjustments), $1.0 million of contingent consideration and 80,000 preferred units issued by RED issued at $25 per unit for a total liquidation value of $2.0 million.

View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR

accession 0001604738-23-000035

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.