At what enterprise value was FLEET acquired in 2026?

During the acquisition of FLEET by ISAI in 2026, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

When was FLEET acquired by ISAI?

FLEET was acquired by ISAI in 2026.

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

The revenue of FLEET at the time of the deal is estimated to be in the range of 25M - 50M EUR.

How is the data for the FLEET 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 FLEET 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://capitalfinance.lesechos.fr/deals/lbo/isai-valorise-fleet-100-meur-2213454

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 15.1x.

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Home Database TMT (Tech, Media, Telecom)FLEET

02/2026

FLEET acquired by ISAI

FRANCE IT Services EV 100M - 350M EUR

Context

ISAI acquired a minority stake in Fleet. This transaction is a classic Owner Buy-Out (OBO): it allows founders and early employees to cash out part of their equity. No new capital (Cash-in) was injected into the company for now, as Fleet is profitable and self-financing. The deal aims to structure the company for international expansion and potential external growth (M&A) to reach �100 million in revenue within 4 years. Revenue (Target)

FLEET, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Founded 7 years ago, Fleet is a B2B platform simplifying IT equipment management for SMEs (up to 500 employees). The company offers a subscription-based model (DaaS) for Apple and Windows devices, covering procurement, delivery, insurance, and renewal/recycling. Unlike traditional leasing, Fleet provides a SaaS-like interface for "Fleet Management" (onboarding/offboarding employees). Bootstrapped and profitable, Fleet generated ~EUR30 million in revenue in 2025, reflecting a 92% year-on-year growth. It operates in Europe and the US.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

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12/2025	COFORGE	ENCORA	UNITED STATES	Data & AI Consulting
11/2025	SESA GROUP	4IT SOLUTIONS	SWITZERLAND	MSP (Managed Services)
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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 25M - 50M EUR

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