At what enterprise value was ADASTRA GROUP acquired in 2025?

During the acquisition of ADASTRA GROUP by THE CARLYLE GROUP in 2025, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M USD.

When was ADASTRA GROUP acquired by THE CARLYLE GROUP?

ADASTRA GROUP was acquired by THE CARLYLE GROUP in 2025.

What was the revenue of ADASTRA GROUP at the time of the deal?

The revenue of ADASTRA GROUP at the time of the deal is estimated to be in the range of 150M - 250M USD.

How is the data for the ADASTRA GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ADASTRA GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.privateequitywire.co.uk/carlyle-to-acquire-majority-stake-in-adastra-in-deal-valued-at-over-400m/

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

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Home Database Business ServicesADASTRA GROUP

07/2025

ADASTRA GROUP acquired by THE CARLYLE GROUP

CANADA Industrial Services / Engineering & Consulting EV 300M - 700M USD

Context

Carlyle acquired a majority stake in Adastra Group, a canadian consulting company. The deal was structured as a recapitalization where the three founders retained a significant minority stake and remained involved in the business.Carlyle's entry provides the capital and M&A expertise to accelerate Adastra's growth in the booming AI and data services market, specifically targeting expansion in Asia and further consolidation in Europe.

ADASTRA GROUP, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Founded in 2000, Adastra Group is a specialized IT consulting firm operating with a dual-headquarters model in Toronto and Prague. The firm focuses on the critical "plumbing" of digital transformation: data engineering, warehousing, cloud enablement, and AI implementation. Adastra employs over 2,200 professionals across North America, Europe, and Asia, leveraging a "nearshore" delivery model (using Czech talent for North American/Western European clients). The company serves major enterprise clients in sectors like financial services, automotive, and retail. In 2023, Adastra reported revenues of approximately $220 million.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

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2023

2022

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REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 150M - 250M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ADASTRA GROUP by THE CARLYLE GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: the carlyle group