M&A
confidence high
sentiment neutral
materiality 0.75
Vivakor files financial statements for acquired Endeavor Entities; combined sales $52.5M in 2023
Vivakor, Inc.
- Sales $52.5M, net income $3.6M for Endeavor Crude, Meridian, Equipment Transport combined in 2023.
- Total assets $90.3M; members' equity $25.5M as of Dec 31, 2023.
- Acquisition closed Oct 1, 2024; MIPA dated March 21, 2024, as amended.
- Pro forma unaudited financials for Vivakor included for periods ended Jun 30, Sep 30, 2024, and Dec 31, 2023.
- One customer accounted for 30% of 2023 revenue and 34% of accounts receivable.