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TickerPRSU
SectorSpecialty Business Services
Mkt cap$1.2B
EV / EBITDA11.4×
PostureHigh Velocity
Composite70/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 884219

Pursuit Attractions and Hospitality, Inc.

PRSUHIGH VELOCITYFILING INTENSITY

Pursuit Attractions and Hospitality, Inc. reads as an High Velocity (composite 70/100); Consistent Strategic Buyer deploying $124M across 1 disclosed transactions, up 268% vs the prior cycle · primary market Healthcare.

Lens

Disclosed M&A capital (2023–2025)

$124M

+268%

vs $34M in 2020–2022

Disclosed transactions

1

−50%

2/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$466M
EBITDA$118M
Enterprise value$1.3B
EV / Revenue2.9×
EV / EBITDA11.4×
P/EN/A
Cash$35M
Total debt$177M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

27/100

Companies actively deploying disclosed capital into M&A

  • $795M disclosed buyer spend

Buyer Cadence

22/100

Buyer-side companies with recent filing activity

  • Filed within 35d
  • 310 8-Ks

Target Probability

20/100

Issuers showing target-side patterns from filings

  • 13 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 13 activism filings

Pressure Watch

20/100

Issuers facing activism, governance, or control pressure

  • 13 activism filings
  • Latest activism 5.8y ago; heavily discounted

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 13 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 310 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $1.3B
  • 10-Q 35d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $196M · Peak count: 3

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20251$108M$108MN/A
2024N/A$16MN/AN/A
2023N/AN/AN/AN/A
20221$26M$26MN/A
20211$8M$8MN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Geographic Expansion
    25%
  • Bolt On
    25%
  • Platform
    25%
  • Horizontal Consolidation
    25%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • geographic_expansion
  • bolt_on
  • platform
  • horizontal_consolidation
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

The primary factor that contributed to the purchase price resulting in the recognition of goodwill related to the opportunity for the Company to expand into a new geography with future growth opportunities when combined with other businesses.

10-KFY2025

Additionally, Costa Rica represents an operation which the Company expects will generate revenue more evenly over the course of the calendar year to complement the Company’s existing North American operations.

10-KFY2025

Customer consolidations and other actions within the industry have caused downward pricing pressure for our products and services and could affect our ability to negotiate favorable terms with our customers.

10-KFY2023

We operate in a highly competitive and dynamic industry. Competition in the live events markets is driven by price and service quality, among other factors.

10-KFY2023

Competition in the live events markets is driven by price and service quality, among other factors.

10-KFY2021
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Healthcare

Market spend (2023–2025)
$195B
Market spend (2020–2022)
$253.6B
Recent vs prior
−23%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

11.4×EV / EBITDA

PRSU trades at a -1.5-turn discount to the Healthcare peer median of 12.9×.

EV / Revenue
2.9×
Net debt / EBITDA
1.2×
Peer median EV / EBITDA
12.9×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
23.4×6.7×3.1×$62.8B$18B
17.2×0.9×1.9×$449.7B$28.1B
12.9×6.0×2.6×$37.2B$26.7B
11.7×0.5×2.5×$200.4B$6.4B
Pursuit Attractions and Hospitality, Inc.PRSU
11.4×2.9×1.2×$466M$124M
9.3×1.9×2.8×$76.4B$1.3B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Healthcare. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)272026-02-25
  • 10-Q (quarterly)1002026-05-06
  • 8-K (event)3102026-05-06
  • Proxy / DEF 14A472026-04-15
  • Activism (13D / DFAN / PREC)132020-08-06

Signals on file

  • elevated

    Activism on file

    2020-08-06

    13 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Pursuit Attractions and Hospitality, Inc.: Issuer Brief | SE-Cluster