At what enterprise value was MARLOWE acquired in 2025?

During the acquisition of MARLOWE by MITIE GROUP in 2025, 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 300M - 700M 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 MARLOWE when it was acquired by MITIE GROUP?

The estimated EV/EBITDA multiple for MARLOWE 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 MARLOWE acquired by MITIE GROUP?

MARLOWE was acquired by MITIE GROUP in 2025.

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

The revenue of MARLOWE at the time of the deal is estimated to be in the range of 250M - 500M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MARLOWE during the acquisition?

MARLOWE's EBITDA is estimated to be in the range of 25M - 50M 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 MARLOWE 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 MARLOWE 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.mitie.com/insights-news/news/mitie-welcomes-marlowe-to-build-uk-leader-in-facilities-compliance/

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Home Database Business ServicesMARLOWE

07/2025

MARLOWE acquired by MITIE GROUP

UNITED KINGDOM Industrial Services / TIC (Testing, Inspection, Certification) EV 300M - 700M GBP

Context

Mitie Group PLC has completed the acquisition of 100% of Marlowe PLC. The transaction was implemented via a court-sanctioned scheme of arrangement, with Marlowe shareholders receiving 466 pence per share in a mix of cash and new Mitie shares (via a Mix and Match facility). The deal followed a significant 2024 restructuring at Marlowe, which saw the divestment of its GRC business for £430 million, allowing the group to return to profitability and eliminate nearly all net debt (£1M vs £203M) prior to the merger. The strategic rationale for Mitie is the creation of a UK powerhouse in Facilities Compliance. By integrating Marlowe’s 2,700 specialists, Mitie becomes the nation’s largest provider of fire safety, security, and water hygiene services. The combination is highly complementary: Marlowe’s maintenance-heavy delivery model (75%) balances Mitie’s project-led approach, providing a stable, recurring revenue stream. The transaction received final court sanction on July 31, 2024, and marks a major milestone in Mitie's shift toward high-performing, compliant building infrastructure.

MARLOWE, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN 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.

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Target

Marlowe PLC is a UK-based specialist in business-critical compliance services, focusing on Testing, Inspection, and Certification (TIC). The organization operates two primary divisions following a major 2024 restructuring: Fire Safety & Security (including active and passive fire protection) and Water & Air Hygiene (including asbestos management and water treatment). The entity provides essential services to over 27,000 customers, ensuring adherence to increasingly stringent safety and environmental regulations. Known for a high-velocity "buy-and-build" strategy, the group recently streamlined its portfolio by divesting its Governance, Risk and Compliance (GRC) and Occupational Health divisions. With 2,700 specialist colleagues, the firm delivers technical services where maintenance and recurring compliance tasks account for 75% of the revenue model, positioned as a key national provider for high-performing building standards.

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REFERENCES

Valuation range: EV 300M - 700M GBP

Revenue range: 250M - 500M GBP

EBITDA range: 25M - 50M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MARLOWE by MITIE GROUP 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: marlowe