Nick McClish

Founder of The Multiple. He works with PE-backed companies on organic growth, value creation, and applied AI.

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Weekly Multiple

Aug 21, 2026

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10 min read

The Weekly Multiple #004: The Price Both Sides Can Defend

One price. Three completely different stories.

Nick McClish

Private Equity

Deal File No. 004: ATG and the Business That Remembers

Aug 19, 2026

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4 min read

Deal File No. 004: ATG and the Business That Remembers

Providence spent thirteen years building what survives when the curtain falls. A reported $6 billion valuation now puts that system to the test.

Nick McClish

Weekly Multiple

Aug 14, 2026

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8 min read

The Weekly Multiple #003: Who Can Afford the Lakers Now?

The Lakers and Yankees reveal how rising franchise prices change ownership, incentives, and the fan experience.

Nick McClish

Operating Edge

Deal File No. 003: Electronic Arts and the $2.8 Billion Factory

Aug 12, 2026

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6 min read

Deal File No. 003: Electronic Arts and the $2.8 Billion Factory

EA's new owners can lift cash quickly by cutting development. But at nearly 24 times pre-deal free cash flow, the harder job is making $2.8 billion of annual R&D compound.

Nick McClish

Weekly Multiple

Aug 7, 2026

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4 min read

The bottleneck moved

A 606-megawatt clue to where AI gets stuck.

Nick McClish

M&A

Deal File No. 002: Airtable and the Optionality Tax

Aug 5, 2026

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5 min read

Deal File No. 002: Airtable and the Optionality Tax

What happens when software built to preserve choice meets an owner built to impose focus.

Nick McClish

Weekly Multiple

Jul 31, 2026

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5 min read

The Weekly Multiple #001: The money is hiding in the middle

Private equity loves deleting middlemen. This week, it spent billions buying the ones it can't.

Nick McClish

Business Services

Deal File No. 001: BGIS and the consequence premium

Jul 24, 2026

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5 min read

Deal File No. 001: BGIS and the consequence premium

How a facilities company moved closer to the failures its customers cannot afford.

Nick McClish

Nick McClish

The Weekly Multiple #004: The Price Both Sides Can Defend

Deal File No. 004: ATG and the Business That Remembers

The Weekly Multiple #003: Who Can Afford the Lakers Now?

Deal File No. 003: Electronic Arts and the $2.8 Billion Factory

The bottleneck moved

Deal File No. 002: Airtable and the Optionality Tax

The Weekly Multiple #001: The money is hiding in the middle

Deal File No. 001: BGIS and the consequence premium

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