Priority Technology (US:PRTH) Prnewswire·2025-11-19 14:05Core Viewpoint - Buckley Capital Advisors opposes the non-binding proposal from CEO Thomas Priore to take Priority Technology Holdings private, arguing that the offer undervalues the company and does not fairly compensate minority shareholders [2][4][11] Company Valuation - The proposed acquisition price of $6.00 to $6.15 per share is seen as opportunistic and significantly below the intrinsic value of Priority Technology Holdings, which is estimated to be between $15 to $20 per share [3][8][10] - The current share price is approximately half of the company's recent trading price earlier in the year and well below 50% of its intrinsic value [3][6] Financial Performance - Priority Technology is projected to report earnings per share of about $1.30 in 2026, with the proposed offer valuing the company at less than 5 times its anticipated earnings [6][8] - The company has a high adjusted EBITDA margin of approximately 24% and over 90% of its business is recurring or reoccurring, indicating a predictable business model [5][6] Strategic Alternatives - Buckley Capital Advisors urges the Special Committee of the Board to conduct a full and transparent review of strategic alternatives, including a potential sale or continuing as a publicly-listed company [2][11] - The analysis suggests that the company is well-positioned within the financial services and payments industry, benefiting from strong free cash flow and high profitability [5][9] Market Comparisons - A comparative analysis indicates that Priority Technology is growing faster than many of its peers, with a valuation disconnect highlighted by recent M&A transactions in the financial payments industry [8][9] - Recent private market transactions in the industry have seen acquisition targets valued at significantly higher multiples than the proposed offer for Priority Technology [8][10]