Hse Integrated acquired by DXP Enterprises
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.
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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)
Other operations with DXP Enterprises
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2025 | DXP ENTERPRISES | PUMP SOLUTIONS | UNITED STATES | Industrial & Technical Distribution |
| 07/2025 | DXP ENTERPRISES | MOORES PUMP & SERVICES | UNITED STATES | Valves, Pumps & Taps |
| 09/2024 | DXP ENTERPRISES | HARTWELL ENVIRONMENTAL CORPORATION | UNITED STATES | Industrial & Technical Distribution |
| 05/2022 | DXP ENTERPRISES | CISCO AIR SYSTEMS | UNITED STATES | Industrial & Technical Distribution |
| 09/2021 | DXP ENTERPRISES | PREMIER WATER | UNITED STATES | Industrial & Technical Distribution |
Similar deals in Industrial Services
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2013 | PAI PARTNERS | IPH GROUP | FRANCE | Industrial & Technical Distribution |
| 12/2012 | COBEPA | SOCOTEC | FRANCE | TIC (Testing, Inspection, Certification) |
| 07/2011 | IK PARTNERS | TRIGO | FRANCE | TIC (Testing, Inspection, Certification) |
| 04/2010 | VALLOUREC | SERIMAX | FRANCE | Welding & Piping Services |
| 03/2010 | HG CAPITAL | JLA | UNITED KINGDOM | Equipment Rental |
| 02/2010 | BRIDGEPOINT | LGC GROUP | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
| 07/2008 | QUALIUM | SOCOTEC | FRANCE | TIC (Testing, Inspection, Certification) |
| 06/2008 | PHOENIX EQUITY PARTNERS | ASHTEAD TECHNOLOGY | UNITED KINGDOM | Equipment Rental |
| 11/2007 | ASTORG | TRESCAL | FRANCE | TIC (Testing, Inspection, Certification) |
| 06/2006 | INVESTCORP | IPH GROUP | FRANCE | Industrial & 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
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