M&A

E.T. HORN

Name: mynth M&A Transaction Multiples Database
Creator: mynth
License: https://mynthcapital.com/privacy

Acquired by

IMCD

UNITED STATES B2B Specialized Distribution REV 100m USD - 500m USD 06/2018

E.T. HORN acquired by IMCD

UNITED STATES B2B Specialized Distribution REV 100m USD - 500m USD 06/2018

Target

E.T. HORN

Acquirer

IMCD

Context

IMCD signed an agreement to acquire 100% of E.T. HORN Company, purchasing all outstanding shares. The acquisition strengthens IMCD's US operations by adding HORN's established West and Southwest regional presence to its existing national platform, moving IMCD closer to full national US coverage with dedicated segment expertise. The transaction is financed from IMCD's available cash and existing credit facilities.

E.T. HORN, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.3x).

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

E.T. HORN Company is a US-based specialty chemicals and ingredients distributor founded in 1961, operating primarily in the West and Southwest regions of the United States. The company acts as a representative of specialty chemical and ingredient suppliers across a broad range of end markets including coatings, construction, plastics, personal care, human food and nutrition, animal nutrition, nutraceuticals, and other specialties. HORN operates with a head office in La Mirada, California and employs approximately 200 people. The company has built a strong reputation as a leading regional specialty distributor with deep customer relationships, dedicated segment expertise, and an established supplier network across its core geographies.

Ent. Value

Equity Value

Multiples Analysis

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2017

2016

Other operations with E.T. HORN

REFERENCES

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