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01/2021

DELTA SERVICE LOCATION acquired by SOCIETE GENERALE CAPITAL PARTENAIRES

FRANCE Industrial Services / Equipment Rental EV 50M - 150M EUR

Context

A group of financial investors led by SGCP and Geneo Capital took a majority stake in DSL to support its "buy-and-build" strategy and national expansion. The deal, valued at approx. EUR70M, highlights the premium attached to specialized rental players with high technical expertise compared to generalist rental companies.

DELTA SERVICE LOCATION, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

A specialized player in the rental of temporary energy solutions (generators, electrical distribution) and fluid management (pumping, piping). DSL serves demanding sectors such as construction, industry, and major events.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
2019

Similar deals in Industrial Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
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01/2021KILOUTOUSALMATFRANCEEquipment Rental
12/2020UTAC CERAMMILLBROOKUNITED KINGDOMTIC (Testing, Inspection, Certification)
12/2020SGSSYNLAB ANALYTICSGERMANYTIC (Testing, Inspection, Certification)
12/2020APPLUS+ GROUPQPS EVALUATION SERVICESCANADATIC (Testing, Inspection, Certification)
11/2020APPLUS+ GROUPBESIKTA BILPROVNINGSWEDENTIC (Testing, Inspection, Certification)
11/2020OUEST CROISSANCEVAC - HARDOUIN-LOCFRANCEEquipment Rental
09/2020APPLUS+ GROUPRELIABLE ANALYSISCHINATIC (Testing, Inspection, Certification)
09/2020EURAZEO / FCDE (FONDS DE CONSOLIDATION ET DE DEVELOPPEMENT DES ENTREPRISES)UTAC CERAMFRANCETIC (Testing, Inspection, Certification)

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DELTA SERVICE LOCATION by SOCIETE GENERALE CAPITAL PARTENAIRES 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: societe generale capital partenaires