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05/2012100%

Hse Integrated acquired by DXP Enterprises

CANADA Industrial Services EV CAD 50–150M

Context

This cross-border acquisition enables a US-based integrator to expand its continental distribution network by integrating Canada's leading industrial security services platform, which boasts 609 full-time employees and generates approximately $100 million in annual revenue. The acquisition allows DXP to enter the Canadian market without incurring the delays associated with establishing a local presence, while also internalizing a skilled intervention force and a fleet of certified equipment. Post-closure, the operational integration plan involves absorbing the target's activities into the acquirer's specialized division, with the goal of standardizing equipment deployment processes across the entire continental network. By leveraging the on-site presence inherent to surveillance services, the acquirer aims to introduce its maintenance and equipment product catalog to a captive client base, thereby optimizing the profitability of the newly acquired service points. This strategic move is expected to benefit both the acquirer's clients and employees, driving growth and enhancing the company's overall market position.

Hse Integrated, which reported an EBITDA margin of [members only] in 2012, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

-> Deep-dive in Business Services market trends

Target

HSE Integrated operates as a supplier of industrial safety services and regulatory compliance, specializing in the deployment of qualified personnel and critical equipment rental for high-risk work environments across Canada. The company's operational infrastructure revolves around the integrated provision of gas detection devices, mobile air quality monitoring units, self-contained breathing apparatus, and fire-fighting equipment, coupled with on-site human presence including safety protocol supervision, emergency medical intervention, and industrial hygiene management. Revenue is generated through the billing of recurring services dictated by legal compliance obligations in occupational health and safety imposed on operators of heavy industrial sites, with a focus on supporting clients in maintaining adherence to stringent regulatory requirements, thereby ensuring a stable and predictable income stream through long-term contracts, entering new regions, and expanding its portfolio of specialized services to cater to the evolving needs of its client base, which includes a diverse range of industries such as oil and gas, mining, and construction, with a history of steady growth and development since its inception.

Ent. Value

CAD 50–150M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (CAD)

Year
Rev
EBITDA
EBIT
2012
CAD 50–100M
CAD 5–25M
[members only]
2011
CAD 50–100M
CAD 5–25M
[members only]

Other operations with DXP Enterprises

Other operations with DXP Enterprises
DateAcquirerTargetCountrySector
12/2025DXP ENTERPRISESPUMP SOLUTIONSUNITED STATESIndustrial & Technical Distribution
07/2025DXP ENTERPRISESMOORES PUMP & SERVICESUNITED STATESValves, Pumps & Taps
09/2024DXP ENTERPRISESHARTWELL ENVIRONMENTAL CORPORATIONUNITED STATESIndustrial & Technical Distribution
05/2022DXP ENTERPRISESCISCO AIR SYSTEMSUNITED STATESIndustrial & Technical Distribution
09/2021DXP ENTERPRISESPREMIER WATERUNITED STATESIndustrial & Technical Distribution

Similar deals in Industrial Services

Similar deals in Industrial Services
DateAcquirerTargetCountrySector
03/2013PAI PARTNERSIPH GROUPFRANCEIndustrial & Technical Distribution
12/2012COBEPASOCOTECFRANCETIC (Testing, Inspection, Certification)
07/2011IK PARTNERSTRIGOFRANCETIC (Testing, Inspection, Certification)
04/2010VALLOURECSERIMAXFRANCEWelding & Piping Services
03/2010HG CAPITALJLAUNITED KINGDOMEquipment Rental
02/2010BRIDGEPOINTLGC GROUPUNITED KINGDOMTIC (Testing, Inspection, Certification)
07/2008QUALIUMSOCOTECFRANCETIC (Testing, Inspection, Certification)
06/2008PHOENIX EQUITY PARTNERSASHTEAD TECHNOLOGYUNITED KINGDOMEquipment Rental
11/2007ASTORGTRESCALFRANCETIC (Testing, Inspection, Certification)
06/2006INVESTCORPIPH GROUPFRANCEIndustrial & Technical Distribution

REFERENCES

Valuation range: EV CAD 50–150M

Revenue range: CAD 50–100M

EBITDA range: CAD 5–25M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Hse Integrated by DXP Enterprises 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: hse integrated

FAQ

What transaction does this page cover?

This page covers DXP Enterprises’s acquisition of 100% of Hse Integrated, a Canadian company specialised in Industrial Services, in 2012.

How was the acquisition of Hse Integrated by DXP Enterprises valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the CAD 50–150M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

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

At the time of the transaction, Hse Integrated generated annual revenue estimated in the CAD 50–100M range and EBITDA in the CAD 5–25M bracket (FY 2012). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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