Everest Consolidator Acquisition Corporation Announces Business Combination With Unifund, A Consumer Debt Service Company Focused On Data Science And Analytics
Portfolio Pulse from Happy Mohamed
Everest Consolidator Acquisition Corporation (NYSE:MNTN) has announced a business combination with Unifund, a consumer debt service company focused on data science and analytics. The combined company will be named Unifund Financial Technologies, Inc. and is expected to be listed on Nasdaq under the ticker symbol 'UFND'. The transaction is expected to close as early as Q3 2023. Unifund generated $52.2 million in revenue and $14.8 million in operating income in fiscal year 2022, and expects to generate approximately $58.5 million in revenue and approximately $19.4 million in operating income in fiscal year 2023.

July 24, 2023 | 12:20 pm
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Everest Consolidator Acquisition Corporation (NYSE:MNTN) is merging with Unifund, a profitable data science and analytics firm. The combined company will be listed on Nasdaq as 'UFND'.
The merger with Unifund, a profitable company with attractive growth prospects, is likely to have a positive impact on Everest's stock in the short term. The combined company will have a pro forma enterprise value of approximately $232 million, which could attract more investors.
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