Alchemy acquired by Intertek

UNITED STATES Software / Industry-Specific Software EV $300–700M

Context

Intertek has entered into a definitive agreement to acquire Alchemy from the private equity firm The Riverside Company. This acquisition strategically expands the acquirer,s global Assurance business by adding a bespoke People Assurance SaaS offering that focuses on employee skills and frontline productivity. The integration is expected to yield strong commercial synergies, particularly within the food supply chain where both companies maintain a significant footprint. The target's subscription-based revenue model, characterized by three-year contracts and high client retention rates, provides excellent revenue visibility and strengthens the acquirer's financial profile. The management team of the target will remain with the business to drive the next phase of growth, which includes scaling the software solutions to industries beyond the food sector, such as manufacturing and retail, across the acquirer's global network.

Alchemy, which reported an EBITDA margin of [members only] in 2018, is valued in this transaction at an EV/EBITDA multiple of 15x–25x.

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Target

Alchemy is an industry leader in technology-enabled People Assurance solutions, specifically designed for the frontline workforce in the food industry. The company,s business model focuses on a cloud-based SaaS platform that delivers interactive learning and monitoring tools to identify and close critical skills gaps. By providing bespoke content and digital workflow management, Alchemy helps multi-site organizations drive safety, productivity, and operational excellence while ensuring compliance with increasingly complex global food safety regulations. Its scalable technology platform serves over 1,100 clients, offering a high-margin, capital-light solution that monitors frontline operations in real-time. The value proposition is centered on "closing the loop" between operational procedures and actual employee skills, providing mission-critical quality assurance for corporations with large deskless workforces.

Ent. Value

$300–700M

Equity Value

[members only]

Multiples

EV / Revenue

4x–10x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2018

2017

Other operations with Intertek

Other operations with Intertek
Date	Acquirer	Target	Country	Sector
06/2026	EQT PARTNERS	INTERTEK	UNITED KINGDOM	TIC (Testing, Inspection, Certification)
05/2021	INTERTEK	SAI GLOBAL ASSURANCE	AUSTRALIA	TIC (Testing, Inspection, Certification)

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REFERENCES

Valuation range: EV $300–700M

Revenue range: $50–100M

EBITDA range: $10–30M

EV/Revenue range: 4x - 10x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Alchemy by Intertek 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.

Target: alchemy

FAQ

What transaction does this page cover?

This page covers Intertek’s acquisition of 100% of Alchemy, an American company specialised in Industry-Specific Software, in 2018.

How was the acquisition of Alchemy by Intertek valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $300–700M band, its EV/EBITDA multiple within the 15x - 25x range, and its EV/revenue multiple within the 4x - 10x range. Exact figures are available to members.

What were Alchemy’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Alchemy generated annual revenue estimated in the $50–100M range and EBITDA in the $10–30M bracket (FY 2018). Detailed financial figures are available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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