At what enterprise value was APPLIED TECHNICAL SERVICES (ATS) acquired in 2025?

During the acquisition of APPLIED TECHNICAL SERVICES (ATS) by SGS in 2025, 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 1b - 4b USD. 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 APPLIED TECHNICAL SERVICES (ATS) when it was acquired by SGS?

The estimated EV/EBITDA multiple for APPLIED TECHNICAL SERVICES (ATS) 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 APPLIED TECHNICAL SERVICES (ATS) acquired by SGS?

APPLIED TECHNICAL SERVICES (ATS) was acquired by SGS in 2025.

What was the revenue of APPLIED TECHNICAL SERVICES (ATS) at the time of the deal?

The revenue of APPLIED TECHNICAL SERVICES (ATS) at the time of the deal is estimated to be in the range of 250M - 500M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of APPLIED TECHNICAL SERVICES (ATS) during the acquisition?

APPLIED TECHNICAL SERVICES (ATS)'s EBITDA is estimated to be in the range of 50M - 100M USD. 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 APPLIED TECHNICAL SERVICES (ATS) 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 APPLIED TECHNICAL SERVICES (ATS) 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.sgs.com/en/news/2025/07/sgs-has-signed-an-agreement-to-acquire-ats-a-major-american-player

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Home Database Business ServicesAPPLIED TECHNICAL SERVICES (ATS)

07/2025

APPLIED TECHNICAL SERVICES (ATS) acquired by SGS

UNITED STATES Industrial Services / TIC (Testing, Inspection, Certification) EV 1b - 4b USD

Context

SGS has successfully completed the acquisition of Applied Technical Services, marking a significant milestone in its expansion strategy within the North American market. This transaction follows the clearance of all necessary regulatory approvals and unites two leading forces in the testing and inspection sector. The integration of the target adds over two thousand specialized employees to the acquirer,s family and fulfills a major portion of the group,s growth objectives for the region. Strategically, the combination allows for the generation of sustainable growth and enhanced value for clients through a highly complementary service portfolio. The merger is expected to yield substantial operational benefits, with significant synergies anticipated within the first three years of joint operations. This move strengthens the acquirer,s footprint in critical sectors such as aerospace and defense, while creating a sophisticated platform for long,term shareholder returns through increased scale and technical synergy.

As a reminder, Applied Technical Services had previously acquired Hydradyne in 2024 as part of its expansion strategy.

APPLIED TECHNICAL SERVICES (ATS), which reported an EBITDA margin of LOGIN in 2026, 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.

-> Deep-dive in Business Services market trends

Target

Applied Technical Services is a premier North American provider of specialized testing, inspection, calibration, and forensics solutions. The company’s business model is centered on providing high,value technical services to highly regulated and high,growth end markets, including manufacturing, aerospace, defense, power generation, and insurance. By leveraging a deep culture of service and technical expertise, the firm assists clients in ensuring the safety, quality, and compliance of their industrial assets and products. With a large team of dedicated professionals, the company operates as a critical technical partner for infrastructure and industrial reliability, offering a complementary portfolio of forensic analysis and precision calibration that supports long,term operational integrity for its diverse client base.

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Other operations with APPLIED TECHNICAL SERVICES (ATS)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
11/2024	APPLIED TECHNICAL SERVICES (ATS)	HYDRADYNE	UNITED STATES	Industrial Services	Applied Industrial Technologies has successfully entered into a definitive agreement to acquire 100% of Hydradyne, a move that represents a major step in the expansion of its Engineered Solutions segment

REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 250M - 500M USD

EBITDA range: 50M - 100M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of APPLIED TECHNICAL SERVICES (ATS) by SGS 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).

Press release: view release

Target: applied technical services (ats)

Acquirer: sgs