At what enterprise value was ICA GROUP acquired in 2026?

During the acquisition of ICA GROUP by CERTANIA in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 20M - 50M GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ICA GROUP when it was acquired by CERTANIA?

The estimated EV/EBITDA multiple for ICA GROUP is in the range of 10x - 18x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was ICA GROUP acquired by CERTANIA?

ICA GROUP was acquired by CERTANIA in 2026.

What was the revenue of ICA GROUP at the time of the deal?

The revenue of ICA GROUP at the time of the deal is estimated to be in the range of 10M - 30M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ICA GROUP during the acquisition?

ICA GROUP's EBITDA is estimated to be in the range of 0M - 5M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ICA GROUP 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 ICA GROUP 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://certania.com/news/ica-group-joins-certania-s-buildings-and-infrastructure-segment

← DATABASE

Home Database Business ServicesICA GROUP

03/2026

ICA GROUP acquired by CERTANIA

UNITED KINGDOM Industrial Services / TIC (Testing, Inspection, Certification) EV 20M - 50M GBP

Context

CERTANIA Holding GmbH has completed the acquisition of ICA Group from CEPS PLC and other shareholders. The acquisition was structured with an upfront payment and a contingent earn,out payment for certain shareholders, though the primary corporate seller received full consideration for its equity ownership upon completion to ensure a fully de-risked exit. This transaction strengthens the acquirer's Buildings and Infrastructure segment in the United Kingdom and Ireland, complementing existing portfolio companies such as BB7 and Clarke Banks. Strategic rationale for the deal includes expanding the group,s capabilities in building safety, gas and electrical auditing, and regulatory assurance across the UK construction sector. A portion of the proceeds from the disposal was utilized by the seller to repay existing external debt and provide additional resources for its remaining strategic business drivers. The target will continue to operate under its established management team and brands within the broader international group structure.

ICA GROUP, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).

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.

-> Deep-dive in Business Services market trends

Target

ICA Group is a UK,based holding company comprising several specialist businesses focused on quality, compliance, and sustainability within the built environment. Its business model integrates multi-disciplinary services across four core streams: quality site inspection (Clerk of Works), building control, gas and electrical auditing (specifically for social housing), and fire safety consultancy. The group operates through established brands such as Cook Brown Building Control, Hickton Quality Control, and Morgan Lambert, providing regulatory assurance and standards advisory throughout the UK construction sector. By ensuring project delivery meets stringent building regulations and safety standards, ICA Group serves as a critical partner for clients navigating an increasingly complex regulatory landscape. Its value proposition is centered on technical expertise and a comprehensive service portfolio that covers the entire building lifecycle, from initial construction oversight to ongoing safety compliance.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2025

2024

Similar deals in Business Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
04/2026	UL SOLUTIONS	MET LABS	UNITED STATES	Industrial Services	The global safety science leader has signed a definitive agreement to acquire the electrical and electronics testing business of Eurofins Scientific, a French life sciences laboratory group. This strategic transaction represents a definitive portfolio pruning for the seller, marking a structural exit from the technical industrial testing space to concentrate resources on its core bio-analytical segments
04/2026	MONTYON CAPITAL	TRIGO	FRANCE	Industrial Services	Montyon Capital has finalized the acquisition of a majority stake in Trigo from Ardian, a maneuver designed to fundamentally accelerate the group’s transformation into a multi-sector leader in industrial quality assurance
03/2026	CHEQUERS	GROUPE ASERTI	FRANCE	Industrial Services	Chequers Capital, in partnership with management, has acquired Groupe Aserti from Parquest Capital in a fourth LBO transaction. Negotiated on a bilateral basis without an auction, the deal ensures continuity under CEO Pierre Brisset, who took over in 2020 after founder Jean-Louis Gaertner retired
03/2026	STUDSVIK	KÄRNFULL	SWEDEN	Industrial Services	Studsvik AB has finalized the acquisition of Kärnfull Next, a specialized developer of small modular reactor (SMR) projects, to transition from a technical services provider into a full-lifecycle nuclear platform
03/2026	GRAFTON GROUP	MERCALUZ	SPAIN	Industrial Services	Grafton Group PLC has agreed to acquire the entire share capital of the Spanish Mercaluz Group. This transaction follows Grafton's recent entry into the region via the acquisition of Salvador Escoda, effectively creating an Iberian HVAC powerhouse with combined annualized sales of c
02/2026	PHENNA GROUP	SIGMA TRE	ITALY	Industrial Services	The acquisition of Sigma Tre Lab by Phenna Group signifies a major territorial advancement for the group’s Industrial Division, marking its sixth acquisition in Italy within eighteen months. The strategic logic of this transaction hinges on a "specialist-technical" maneuver, merging the target’s technical operational depth in metallic materials testing with the acquirer’s global scale and sophisticated buy-and-build infrastructure
02/2026	PENINSULA CAPITAL	EUROPEAN QUALITY ASSURANCE	SPAIN	Industrial Services	Peninsula Capital has acquired a majority stake in EQA (European Quality Assurance), a leading player in Spain's certification, inspection, and verification services sector. The transaction takes place in a market characterized by significant fragmentation and favorable structural trends, driven by increasing regulatory requirements, growing ESG considerations, and the digitalization of compliance processes
01/2026	EMAGINE	WAADA THE MOVEMENT	NETHERLANDS	Industrial Services	Emagine has completed the 100% acquisition of the Dutch consultancy Waada The Movement, following a preliminary agreement reached in January 2026. The transaction fully integrates Waada’s specialized brands, Prowareness and DevOn, into emagine’s unified global operating model
12/2025	VULCAIN INGENIERIE	INCICO	ITALY	Industrial Services	Vulcain Engineering Group has acquired a majority stake in Incico. The current CEO and key management have reinvested to retain a minority stake and will continue to lead the company. Historical shareholder Giovanni Monini sold his stake but remains as VP of Business Development
12/2025	DXP ENTERPRISES	PUMP SOLUTIONS	UNITED STATES	Industrial Services	DXP Enterprises, Inc. has completed the acquisition of Pump Solutions, Inc., a specialized entity focused on marketing pumps, control systems, and associated maintenance services, primarily catering to the water and wastewater treatment sector

REFERENCES

Valuation range: EV 20M - 50M GBP

Revenue range: 10M - 30M GBP

EBITDA range: 0M - 5M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ICA GROUP by CERTANIA are reserved for mynth community members. Register for free to unlock full data.

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