At what enterprise value was AIRESS acquired in 2026?

During the acquisition of AIRESS by INITIATIVE & FINANCE in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 20M - 50M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of AIRESS when it was acquired by INITIATIVE & FINANCE?

The estimated EV/EBITDA multiple for AIRESS is in the range of 10x - 18x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was AIRESS acquired by INITIATIVE & FINANCE?

AIRESS was acquired by INITIATIVE & FINANCE in 2026.

What was the revenue of AIRESS at the time of the deal?

The revenue of AIRESS at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of AIRESS during the acquisition?

AIRESS's EBITDA is estimated to be in the range of 0M - 5M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the AIRESS 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 AIRESS 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.decideurs-cf.com/fusions-acquisitions/64333-initiative-finance-tomorrow-acquiert-airess.html

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Home Database Business ServicesAIRESS

05/2026

AIRESS acquired by INITIATIVE & FINANCE

FRANCE Facility Management / Maintenance / HVAC EV 20M - 50M EUR

Context

Initiative & Finance, through its midmarket "tomorrow" fund, has completed the acquisition of a majority stake in Airess, a prominent French specialist in fire safety systems. The transaction was highly preemptive, with Initiative & Finance submitting a decisive offer just three weeks into the sale process, which was managed by Edmond de Rothschild, securing the asset ahead of other interested financial sponsors. The seller, private equity firm Trajan, exited its investment after a successful and rapid two-year holding period during which its strategic objectives for the company were fully achieved, including significant operational structuring through the implementation of a new ERP system and the recruitment of a CFO. The rationale for the acquisition is rooted in Initiative & Finance's long-standing interest in the fire protection sector, which is characterized by strong fundamentals driven by non-discretionary demand from regulatory and insurance requirements. The new partnership will support Airess's next phase of growth. The strategy involves continued organic expansion within France by opening new agencies, complemented by an active buy-and-build strategy to accelerate growth through acquisitions in Southern Europe. The deal was structured as a leveraged buyout, with the company's senior management reinvesting significantly to retain a 25% stake.

AIRESS, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (10.9x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Airess is a French specialist in fire safety solutions, focusing on the design, installation, and maintenance of automatic water-based fire extinguishing systems, commonly known as sprinklers. The company serves a diverse client base across various sectors, including industrial sites, large-scale logistics platforms, and public establishments where safety regulations are stringent. Its services are critical for clients not only to comply with legal and regulatory requirements but also to mitigate risks and potentially lower their building insurance premiums. With a comprehensive network of approximately ten agencies spread throughout France, Airess ensures national coverage and proximity to its customers for both new projects and ongoing service needs. The company's operations are supported by a dedicated team of over 200 employees who handle the entire project lifecycle, from initial engineering and conception to installation and long-term maintenance contracts, ensuring the reliability and effectiveness of the safety systems. In 2023, the company generated substantial operational activity. The business model is built on both one-off installation projects and recurring revenue streams from maintenance services, providing a stable and predictable financial profile. The company is led by a management team including a President, Arthur Klein, and a General Manager, Amar Benbraham.

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Similar deals in Business Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
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04/2026	EURAZEO	NETCO GROUP	FRANCE	Facility Management	Eurazeo has finalized a definitive agreement to acquire a majority stake in the target organization from its previous financial sponsor, Ardian. This strategic transaction marks a significant milestone in the group’s expansion, as the founding family reinvests substantially to accelerate the entity’s development as a global market leader
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02/2026	CAPVEST PARTNERS	TSG (TECHNICAL SERVICES GROUP)	FRANCE	Facility Management	CapVest has acquired a controlling stake in TSG from HLD. The transaction values the company at EUR1.8 billion. HLD, which acquired the business in 2020, will retain a 30% minority stake to benefit from future growth
01/2026	HALMA	SAFETEC	ITALY	Facility Management	Halma plc has acquired the entire share capital of Safetec S.r.l. from the founding Stumpo and Modoni families. The transaction involves a full cash consideration. Safetec will continue to operate as a standalone company within Halma's Safety sector, retaining its current management team led by CEO Marco Stumpo
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12/2025	CAPZA	MYRIUM	FRANCE	Facility Management	Capza has successfully emerged as the winner of a highly competitive auction process for Myrium, orchestrated by Edmond de Rothschild Corporate Finance. The transaction marks the company's fifth LBO and the first time a private equity fund has taken a majority stake
10/2025	TURENNE CAPITAL	M-ENERGIES	FRANCE	Facility Management	Turenne Capital and Euro Capital acquired a majority stake in M-ENERGIES from its historical shareholders, including the founder's family and previous financial backers. The deal is structured to provide the group with the financial resources to accelerate its "Buy-and-Build" strategy in a fragmented market

REFERENCES

Valuation range: EV 20M - 50M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 0M - 5M EUR

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

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: airess

Acquirer: initiative & finance