Arcadia Auctions
Publicly traded.
Activity
- NO MATERIAL CHANGE — Arcadia AuctionsToday
NO MATERIAL CHANGE
Research No Material Change · system
- NO MATERIAL CHANGE — Arcadia AuctionsYesterday
NO MATERIAL CHANGE
Research No Material Change · system
- Outbound email — Arcadia Auctions3d ago
Diligence response
Communication Logged · Legal Counsel
- NO MATERIAL CHANGE — Arcadia Auctions4d ago
NO MATERIAL CHANGE
Research No Material Change · system
- NO MATERIAL CHANGE — Arcadia Auctions6d ago
NO MATERIAL CHANGE
Research No Material Change · system
- NO MATERIAL CHANGE — Arcadia Auctions8d ago
NO MATERIAL CHANGE
Research No Material Change · system
- Arcadia — IOI walkthrough with Okafor and Ferris10d ago
Okafor walked the letter: $27.5M EV, $22M cash at close, $5.5M earnout on FY27 ARR ≥ $8.5M measured on Arcadia's definition, $1.5M escrow for 18 months. Board meets in five weeks; they want an LOI signed before it. Ferris confirmed the earnout is 'negotiable in hurdle, not in structure'.
Meeting Held · The company Founder
- NO MATERIAL CHANGE — Arcadia Auctions11d ago
NO MATERIAL CHANGE
Research No Material Change · system
- Approved: Arcadia Auctions transaction probability → 7012d ago
A written indication with a named board date is the strongest signal short of an LOI.
Approval Decided · The company Founder
- Approved: Arcadia Auctions engagement → 8512d ago
Written IOI received and a diligence list in flight.
Approval Decided · The company Founder
- Diligence submitted — Arcadia Auctions12d ago
Customer contracts for the ten largest dealer groups, including change-of-control provisions.
Diligence Updated · Legal Counsel
- IOI recorded — Arcadia Auctions13d ago
The strongest offer on cash and the most credible on timing. Earnout hurdle is above our own FY27 plan.
Offer Recorded · The company Founder
- Inbound email — Arcadia Auctions13d ago
IOI received
Communication Logged · The company Founder
- Arcadia Auctions → Ioi Received13d ago
IOI received at $27.5M enterprise value
Stage Changed · The company Founder
- NO MATERIAL CHANGE — Arcadia Auctions13d ago
NO MATERIAL CHANGE
Research No Material Change · system
- NO MATERIAL CHANGE — Arcadia Auctions15d ago
NO MATERIAL CHANGE
Research No Material Change · system
- Diligence closed — Arcadia Auctions17d ago
Reconciliation of reported ARR to invoiced revenue, with the treatment of implementation fees shown separately.
Diligence Updated · The company CFO
- NO MATERIAL CHANGE — Arcadia Auctions17d ago
NO MATERIAL CHANGE
Research No Material Change · system
- Diligence submitted — Arcadia Auctions19d ago
Provenance of the training data for the seller-qualification model, including any third-party data licences.
Diligence Updated · Legal Counsel
- NO MATERIAL CHANGE — Arcadia Auctions19d ago
NO MATERIAL CHANGE
Research No Material Change · system
- Diligence closed — Arcadia Auctions21d ago
Litigation, claims and regulatory correspondence, trailing five years.
Diligence Updated · Legal Counsel
- Arcadia Auctions → Ioi Expected21d ago
Okafor confirmed IOI would arrive within ten days
Stage Changed · The company Founder
- NO MATERIAL CHANGE — Arcadia Auctions21d ago
NO MATERIAL CHANGE
Research No Material Change · system
- NO MATERIAL CHANGE — Arcadia Auctions23d ago
NO MATERIAL CHANGE
Research No Material Change · system
- Name a second owner on every top-twenty account25d ago
Task Completed · The company CEO
- NO MATERIAL CHANGE — Arcadia Auctions27d ago
NO MATERIAL CHANGE
Research No Material Change · system
- Diligence closed — Arcadia Auctions28d ago
Monthly retention for the top twenty dealer accounts, trailing 24 months, by rooftop.
Diligence Updated · The company CFO
- Diligence closed — Arcadia Auctions29d ago
Engineering organisation chart with tenure, and the team responsible for the seller-qualification model.
Diligence Updated · The company CEO
- Arcadia Auctions → Diligence1mo ago
First information request list received
Stage Changed · The company Founder
- Arcadia acquires Northgate Inspection Technologies for $38M1mo ago
Confirms appetite, price tolerance in our range, and a preference for cash deals. Northgate's condition-capture model is complementary to seller qualification, not competitive.
Intelligence Captured · system
- Arcadia Auctions → Preliminary Interest1mo ago
Okafor confirmed intent to submit
Stage Changed · The company Founder
- Arcadia — management presentation (Buffalo)2mo ago
Three hours, ran over. Raman presented her integration memo to her own executives in the room — that was the moment. Ferris pushed on ARR definition and concentration; the 41%→27% concentration trend landed well. Okafor said they would be 'submitting something' inside a month.
Meeting Held · The company Founder
- NDA signed — Helen Ferris3mo ago
NDA Status Changed · Legal Counsel
- NDA signed — Priya Raman3mo ago
NDA Status Changed · Legal Counsel
- NDA signed — Daniel Okafor3mo ago
NDA Status Changed · Legal Counsel
- NDA signed — Marcus Bell3mo ago
NDA Status Changed · Legal Counsel
Stage history
- IOI ReceivedAug 29, 2026
8d in previous stage · IOI received at $27.5M enterprise value
- IOI ExpectedAug 21, 2026
15d in previous stage · Okafor confirmed IOI would arrive within ten days
- Target IdentifiedAug 15, 2026
Entered pipeline · Seeded into the buyer universe
- DiligenceAug 6, 2026
13d in previous stage · First information request list received
- Preliminary InterestJul 24, 2026
14d in previous stage · Okafor confirmed intent to submit
- Management PresentationJul 10, 2026
42d in previous stage · Full management session in Buffalo
- Materials SharedMay 29, 2026
7d in previous stage · CIM and financial package delivered
- NDA SignedMay 22, 2026
7d in previous stage · Mutual NDA executed
- NDA RequestedMay 15, 2026
12d in previous stage · Okafor asked for an NDA to see numbers
- Executive MeetingMay 3, 2026
35d in previous stage · Bell joined the second call
- Strategic ConversationMar 29, 2026
15d in previous stage · First substantive discussion of fit
- Contact EstablishedMar 14, 2026
6d in previous stage · Okafor replied and proposed a call
- Initial OutreachMar 8, 2026
14d in previous stage · Wave 1 introduction sent
- Warm Introduction RequestedFeb 22, 2026
25d in previous stage · Advisor asked for the introduction
- Contact IdentifiedJan 28, 2026
15d in previous stage · Okafor named as the corp dev owner
- Acquisition Thesis BuiltJan 13, 2026
30d in previous stage · Acquisition thesis written and reviewed by the advisor
- ResearchingDec 14, 2025
13d in previous stage · Baseline research kicked off — Tier 1