At what enterprise value was LOGSTOR acquired in 2021?

During the acquisition of LOGSTOR by KINGSPAN in 2021, 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 1b - 4b DKK. 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 Industry & Manufacturing industry currently tracks an average EBITDA multiple of 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of LOGSTOR when it was acquired by KINGSPAN?

The estimated EV/EBITDA multiple for LOGSTOR is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

When was LOGSTOR acquired by KINGSPAN?

LOGSTOR was acquired by KINGSPAN in 2021.

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

The revenue of LOGSTOR at the time of the deal is estimated to be in the range of 1b - 3b DKK. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of LOGSTOR during the acquisition?

LOGSTOR's EBITDA is estimated to be in the range of 250M - 500M DKK. 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 LOGSTOR 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 LOGSTOR 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://www.triton-partners.com/news/triton-completes-sale-of-logstor

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Home Database Industry & ManufacturingLOGSTOR

04/2021

LOGSTOR acquired by KINGSPAN

DENMARK Industrial Equipment / Components / Valves, Pumps & Taps EV 1b - 4b DKK

Context

Ireland-based building materials specialist Kingspan Group has successfully executed a definitive agreement to acquire 100% of the share capital of Logstor Group from the Pan-European private equity firm Triton. The strategic rationale underpinning this value-accretive deal is highly compelling, as it enables the buyer to significantly accelerate the expansion of its technical insulation proposition. By integrating a specialized manufacturer of pre-insulated pipe systems, the acquirer effectively broadens its product portfolio to capture the rapidly growing district energy sector, creating a highly complementary business line adjacent to its core building insulation operations. The transaction highlights robust sector consolidation dynamics within the specialized industrial landscape and provides the acquirer with a scalable platform investment to leverage structural tailwinds in European energy efficiency upgrades. This acquisition establishes a strong benchmark valuation for mission-critical infrastructure components and emphasizes the premium strategic players are willing to pay for defensible, high-margin energy efficiency assets.

Triton Partners had previously taken control of the company through an LBO in 2013.

LOGSTOR, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (10.8x).

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 Industry & Manufacturing market trends

Target

Logstor is a leading developer and manufacturer of pre-insulated pipe systems, primarily serving the district heating and cooling sectors. The company provides a comprehensive suite of thermal distribution solutions designed to minimize energy loss in fluid transport networks. With a deeply rooted focus on thermal efficiency, the firm operates as a critical link in the energy infrastructure value chain, enabling municipal and industrial clients to optimize their heating and cooling distribution systems. The firm’s value proposition is built upon proprietary insulation technology and high-performance engineering, which are vital for sustainable urban energy management. Logstor differentiates itself through a commitment to innovation, delivering specialized solutions that meet rigorous safety and efficiency standards required for large-scale energy transport. Its strategic focus centers on supporting the transition toward greener energy grids, where effective heat retention is a fundamental requirement. By maintaining a robust technical edge and a specialized product portfolio, the company has secured a dominant position within the European energy infrastructure market. The firm’s ability to combine technical engineering with scalable production capabilities ensures a strong competitive advantage in an industry increasingly defined by environmental regulations and energy efficiency mandates.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2013	TRITON PARTNERS	LOGSTOR	DENMARK	Industrial Equipment	Triton Fund III has completed the 100% acquisition of Logstor from funds managed by Montagu Private Equity. The transaction involved the transfer of all share capital to the Triton-controlled investment vehicle, following the receipt of all necessary regulatory approvals. This investment aligns with the fund’s strategy to acquire market-leading, mid-sized businesses with strong operational fundamentals. By backing Logstor, Triton aims to leverage its deep operational expertise to support the company’s next phase of growth. The rationale focuses on enhancing Logstor’s market position within the district energy sector, capitalizing on the increasing demand for energy-efficient infrastructure and long-term sustainable utility solutions.

REFERENCES

Valuation range: EV 1b - 4b DKK

Revenue range: 1b - 3b DKK

EBITDA range: 250M - 500M DKK

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

Target: logstor

Acquirer: kingspan