MACGREGOR acquired by TRITON PARTNERS
Context
Cargotec agreed to sell its MacGregor business line to Triton. This transaction marks the final step in Cargotec's strategy to separate its businesses (following the spin-off of Kalmar). Cargotec will rename itself "Hiab" and focus exclusively on on-road load handling. MacGregor becomes an independent standalone company under Triton's ownership.
MACGREGOR, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, a level significantly lower than the average currently observed in the Industry & Manufacturing sector (11.7x).
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Target
MacGregor is a global leader in sustainable maritime cargo and load handling solutions. It provides equipment and services for the merchant cargo and offshore industries, including hatch covers, cranes, winches, and RoRo (Roll-on/Roll-off) systems.
Ent. Value
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
5x–12x
EV / EBIT
5x–12x
Historical Financials (EUR)
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2026 | TRITON PARTNERS | FLENDER | GERMANY | Special Machinery |
| 06/2026 | TRITON PARTNERS | BUREAU VERITAS OIL & PETROCHEMICALS | FRANCE | TIC (Testing, Inspection, Certification) |
| 01/2026 | TRITON PARTNERS | FORMICON | GERMANY | Architecture & Engineering |
| 06/2025 | TRITON PARTNERS | KEENFINITY | GERMANY | IT Equipment |
| 06/2025 | TRITON PARTNERS | PRENAX GROUP | SWEDEN | BPO & Outsourcing |
| 04/2024 | TRITON PARTNERS | TRENCH GROUP | GERMANY | Electrical Equipment |
| 05/2023 | TRITON PARTNERS | UNICA | NETHERLANDS | Multi-technical Installation |
| 07/2022 | TRITON PARTNERS | OCU | UNITED KINGDOM | Utilities Networks (Water/Fiber) |
| 06/2022 | TRITON PARTNERS | ESPERI CARE | FINLAND | Nursing Homes |
| 07/2021 | TRITON PARTNERS | SWISS IT SECURITY GROUP (SITS) | SWITZERLAND | Cybersecurity Services |
REFERENCES
Valuation range: EV €300–700M
Revenue range: €450–900M
EBITDA range: €50–100M
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 MACGREGOR by TRITON PARTNERS 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.
Press release: view release
Acquirer: triton partners