Monomoy Capital Partners will pay $338 million, or $12.97 per share in cash, for all of West Marine’s common stock. The price represents a 32% premium over the company’s 30-day average stock price, valuing WMAR at 28x EBITDA or a bit less than half of revenues. The transaction is expected to close later in the third quarter, adding West Marine to Monomoy’s portfolio of lower middle market businesses.

In 2016, WMAR net income increased 45% to $6,535,000 on ... Log in to view full article.