Arcadia Auctions

Publicly traded.

Website

TierTier 1

Score81.8

Probability70%

Potential value$28MModeled

Weighted value$19.6M

StageIOI Received60dStalled

Engagement85

Last researchToday

Last contact1mo ago

OwnerThe company Founder

Activity

NO MATERIAL CHANGE — Arcadia AuctionsToday
NO MATERIAL CHANGE
Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions2d ago
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NO MATERIAL CHANGE — Arcadia Auctions6d ago
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NO MATERIAL CHANGE — Arcadia Auctions13d ago
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NO MATERIAL CHANGE — Arcadia Auctions15d ago
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NO MATERIAL CHANGE — Arcadia Auctions20d ago
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NO MATERIAL CHANGE — Arcadia Auctions22d ago
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NO MATERIAL CHANGE — Arcadia Auctions24d ago
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NO MATERIAL CHANGE — Arcadia Auctions28d ago
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NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
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Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
Outbound email — Arcadia Auctions1mo ago
Diligence response
Communication Logged · Legal Counsel
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
NO MATERIAL CHANGE
Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions1mo ago
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Research No Material Change · system
Arcadia — IOI walkthrough with Okafor and Ferris1mo 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 Auctions1mo ago
NO MATERIAL CHANGE
Research No Material Change · system
Approved: Arcadia Auctions engagement → 851mo ago
Written IOI received and a diligence list in flight.
Approval Decided · The company Founder
Approved: Arcadia Auctions transaction probability → 701mo ago
A written indication with a named board date is the strongest signal short of an LOI.
Approval Decided · The company Founder
Diligence submitted — Arcadia Auctions1mo ago
Customer contracts for the ten largest dealer groups, including change-of-control provisions.
Diligence Updated · Legal Counsel
Inbound email — Arcadia Auctions1mo ago
IOI received
Communication Logged · The company Founder
IOI recorded — Arcadia Auctions1mo 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
Arcadia Auctions → Ioi Received2mo ago
IOI received at $27.5M enterprise value
Stage Changed · The company Founder
NO MATERIAL CHANGE — Arcadia Auctions2mo ago
NO MATERIAL CHANGE
Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions2mo ago
NO MATERIAL CHANGE
Research No Material Change · system
Diligence closed — Arcadia Auctions2mo 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 Auctions2mo ago
NO MATERIAL CHANGE
Research No Material Change · system
Diligence submitted — Arcadia Auctions2mo 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 Auctions2mo ago
NO MATERIAL CHANGE
Research No Material Change · system
Diligence closed — Arcadia Auctions2mo ago
Litigation, claims and regulatory correspondence, trailing five years.
Diligence Updated · Legal Counsel
Arcadia Auctions → Ioi Expected2mo ago
Okafor confirmed IOI would arrive within ten days
Stage Changed · The company Founder
NO MATERIAL CHANGE — Arcadia Auctions2mo ago
NO MATERIAL CHANGE
Research No Material Change · system
NO MATERIAL CHANGE — Arcadia Auctions2mo ago
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Research No Material Change · system
Name a second owner on every top-twenty account2mo ago
Task Completed · The company CEO
NO MATERIAL CHANGE — Arcadia Auctions2mo ago
NO MATERIAL CHANGE
Research No Material Change · system
Diligence closed — Arcadia Auctions2mo ago
Monthly retention for the top twenty dealer accounts, trailing 24 months, by rooftop.
Diligence Updated · The company CFO
Diligence closed — Arcadia Auctions2mo ago
Engineering organisation chart with tenure, and the team responsible for the seller-qualification model.
Diligence Updated · The company CEO
Arcadia Auctions → Diligence2mo ago
First information request list received
Stage Changed · The company Founder

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