At what enterprise value was ONSTREAM PIPELINE INSPECTION acquired in 2019?

During the acquisition of ONSTREAM PIPELINE INSPECTION by MISTRAS GROUP in 2019, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M USD. 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 ONSTREAM PIPELINE INSPECTION when it was acquired by MISTRAS GROUP?

The estimated EV/EBITDA multiple for ONSTREAM PIPELINE INSPECTION 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.

What was the revenue of ONSTREAM PIPELINE INSPECTION at the time of the deal?

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

What was the EBITDA of ONSTREAM PIPELINE INSPECTION during the acquisition?

ONSTREAM PIPELINE INSPECTION's EBITDA is estimated to be in the range of 5M - 25M USD. 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 ONSTREAM PIPELINE INSPECTION 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 ONSTREAM PIPELINE INSPECTION 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.rwbaird.com/transactions/investment-banking/dealcard/5319/

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02/2019

ONSTREAM PIPELINE INSPECTION acquired by MISTRAS GROUP

CANADA Industrial Services / TIC (Testing, Inspection, Certification) EV 100M - 350M USD

Context

MISTRAS Group has acquired 100% of the stock of Onstream Pipeline Inspection Services from the Canadian private equity firm Novacap and other shareholders. The strategic rationale for the acquisition is to establish a "pipeline integrity pillar" within MISTRAS’ service portfolio. Onstream brings a fast-growing, highly profitable platform with a 4-year revenue CAGR of over 25%. The integration allows MISTRAS to leverage its extensive US customer relationships to accelerate Onstream’s expansion into the American market and the large-diameter midstream segment. Onstream’s management team, including its CEO and CTO, will remain with the business to drive future innovation and technological synergy with MISTRAS’ advanced NDT services.

ONSTREAM PIPELINE INSPECTION, which reported an EBITDA margin of LOGIN in 2018, 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.

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Target

Onstream Pipeline Inspection Services Inc. is a leading North American provider of proprietary, technology-enabled inline inspection (ILI) and data analytics services. Founded in 2005, the company specializes in the "unpiggable" segment of the small to mid-bore gathering and midstream pipeline market. Onstream utilizes combination inspection tools equipped with high-resolution sensors in both free-swimming and tethered configurations to identify pipeline hardware, welds, bends, and metal loss defects. A key competitive advantage is its proprietary "Streamview" software, which allows a dedicated team of expert analysts to produce actionable reports in approximately 20 days, significantly faster than the 60-to-90-day industry norm. With operations in Alberta and Houston, Texas, the company serves critical energy infrastructure by ensuring the safety and integrity of pipeline assets.

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06/2018	MBO+	GROUPE LOCATION TRANSPORT	FRANCE	Industrial Services	MBO Partners has acquired a majority stake in Groupe LT, a French company specializing in equipment and heavy machinery rentals, through a primary leveraged buyout (LBO). This transaction marks the exit of the company's two historical founders and minority shareholders, while the management team reinvests alongside MBO Partners to continue driving the group's growth
05/2018	CINVEN	JLA	UNITED KINGDOM	Industrial Services	Private equity firm Hg has entered into a definitive agreement to fully divest its equity stake in JLA to pan-European investment firm Cinven. The transaction, which remains subject to customary regulatory clearances, marks the culmination of a highly successful holding period and exit process for the selling sponsor
04/2018	EUROFINS SCIENTIFIC	COVANCE FOOD SOLUTIONS	UNITED STATES	Industrial Services	Eurofins Scientific has signed a definitive agreement to acquire Covance Food Solutions from LabCorp (which originally acquired the business through its 2015 purchase of Covance). The strategic rationale for the acquisition is to enhance Eurofins’ footprint in North America, the UK, and Asia while adding a high-quality portfolio of food product testing and consulting services
02/2018	HLD	KILOUTOU	FRANCE	Industrial Services	HLD and Dentressangle acquired a majority stake in Kiloutou to support its transformation into a pan-European leader. Under PAI (2011-2017), the group doubled its size. The new shareholders' mission was to accelerate international growth (Poland, Spain, Germany, Italy) and technical specialization
12/2017	EUROFINS SCIENTIFIC	EAG LABORATORIES	UNITED STATES	Industrial Services	Eurofins Scientific has signed an agreement to acquire 100% of EAG Laboratories from the private equity firm Odyssey Investment Partners. This acquisition represents one of the three largest transactions in Eurofins' history and significantly accelerates its 2020 growth roadmap by adding a new, highly profitable business line in the US TIC market

REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 10M - 30M USD

EBITDA range: 5M - 25M USD

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