Allegiant to Buy Sun Country Airlines

Acquirer: Allegiant Travel Company (NASDAQ: ALGT)

• Connects residents of under-served U.S. cities to popular vacation destinations through nonstop flights and bundled third-party travel products
• Beyond its core airline operations, the company operates a Sunseeker Resort segment that includes hospitality and golf amenities
• Founded in 1997 and headquartered in Las Vegas, NV

Acquirer Financial Statistics

• Mkt Cap: $1.6 billion
• EV: $2.8 billion
• LTM Revenue: $2.6 billion
• LTM EBITDA: $290.7 million
• LTM EV / Revenue: 1.1x
• LTM EV / EBITDA: 9.6x

Acquirer Advisor(s)

Barclays

Target Company: Sun Country Airlines (NASDAQ: SNCY)

• Provides scheduled passenger service, air cargo, and charter flights across the U.S., Latin America, and internationally
• Operates a fleet of 63 Boeing 737-NG aircraft and serves a diverse client base that includes leisure travelers, military branches, sports teams, and commercial cargo partners
• Founded in 1983 and headquartered in Minneapolis, MN

Target Financial Statistics

• Mkt Cap: $923.0 million
• EV: $1.3 billion
• LTM Revenue: $1.1 billion
• LTM EBITDA: $210.3 million
• LTM EV / Revenue: 1.2x
• LTM EV / EBITDA: 6.2x

Target Advisor(s)

Goldman Sachs

Price/Considerat