At what enterprise value was NATIONAL TECHNICAL SYSTEMS (NTS) acquired in 2022?

You can find the full valuation details of NATIONAL TECHNICAL SYSTEMS (NTS) on mynth capital. 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 NATIONAL TECHNICAL SYSTEMS (NTS) when it was acquired by ELEMENT MATERIALS TECHNOLOGY?

The exact EV/EBITDA multiple for NATIONAL TECHNICAL SYSTEMS (NTS) is available on mynth capital. 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.

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 NATIONAL TECHNICAL SYSTEMS (NTS) 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 NATIONAL TECHNICAL SYSTEMS (NTS) 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.element.com/about-element/news/2022/09/22/element-acquires-nts

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Home Database Business ServicesNATIONAL TECHNICAL SYSTEMS (NTS)

09/2022

NATIONAL TECHNICAL SYSTEMS (NTS)

Acquired by

ELEMENT MATERIALS TECHNOLOGY

UNITED STATES Industrial Services / TIC (Testing, Inspection, Certification) REV 1m EUR - 100m EUR

NATIONAL TECHNICAL SYSTEMS (NTS) acquired by ELEMENT MATERIALS TECHNOLOGY

UNITED STATES Industrial Services / TIC (Testing, Inspection, Certification) REV 1m EUR - 100m EUR

Context

Element Materials Technology Group has acquired 100% of National Technical Systems (NTS) from the middle-market private equity firm Aurora Capital Partners. This transaction follows the acquisition of Element by Temasek earlier in 2020 and represents a major strategic move to consolidate the North American TIC market. Under Aurora’s ownership since 2019, NTS underwent an active add-on acquisition program that expanded its geographic breadth and service suite. The strategic rationale for Element is to gain immediate scale and complementary sector knowledge in the United States, particularly in the space, defense, and power sectors. By integrating NTS’s 29 laboratories, Element significantly enhances its "connected technologies" portfolio and its ability to serve more than 50,000 customers worldwide. To support the increased demand following the combination, Element announced plans to hire 1,000 new employees over the next two years.

NATIONAL TECHNICAL SYSTEMS (NTS), which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with 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

National Technical Systems (NTS) is the leading independent provider of qualification testing, inspection, and certification solutions in North America. Founded in 1961, the organization operates 29 technologically advanced testing laboratories across the United States. The entity offers more than 70 distinct product qualification testing categories, including climatic, structural, dynamics, fluid flow, EMI/EMC, lightning, product safety, acoustics, and failure analysis. Serving over 8,000 clients, the group supports innovative companies across the civil aviation, space, defense, nuclear, telecommunications, medical, and automotive end markets. Its specialized divisions include Unitek (accredited inspection) and NQA (one of the world's largest global ISO registrars). With a workforce of approximately 1,100 experts, the firm provides high-quality certification services essential for complex regulatory approvals and product reliability in mission-critical industries.

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REFERENCES

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NATIONAL TECHNICAL SYSTEMS (NTS) by ELEMENT MATERIALS TECHNOLOGY are reserved for mynth community members. Register for free to unlock full data.

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

Press release: view release

Acquirer: element materials technology