Josh Pigford

Baremetrics sold for $4M cash at a 2.65x ARR multiple

After 7 years, Josh Pigford sold Baremetrics to PE firm Zenon. The purchase price was $4M cash, he walked away with $3.7M, and the deal was a 2.65x multiple of annual recurring revenue.

“So he goes, purchase price, $4 million of cash. What I walk away with, $3.7 million in cash. This is a 2.65 multiple of our annual recurring revenue.”