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05/2021

SAI GLOBAL ASSURANCE acquired by INTERTEK

AUSTRALIA Industrial Services / TIC (Testing, Inspection, Certification) EV 500M - 1.5b AUD

Context

This strategic acquisition involves the full takeover of a premier global provider of assurance services from its previous private equity owner, Baring Private Equity Asia. The transaction is designed to significantly scale the acquirer's business assurance division, particularly within capital-light and high-margin segments that address the increasing corporate focus on risk-based quality assurance following global supply chain disruptions. The rationale for the move centers on achieving critical mass in key geographic markets, notably Australia, the United Kingdom, and North America, while accelerating growth in the Asian market. By integrating the target's specialized capabilities in food, agriculture, and quick-service restaurant audits, the group broadens its technical expertise in safety-critical industries. Furthermore, the combination creates significant operational synergies by leveraging an extensive global customer base and a shared commitment to total quality assurance. The partnership aligns with long-term trends toward supply chain transparency and sustainability verification, positioning the organization to meet the heightened demands of global stakeholders for mission-critical risk mitigation. This integration reinforces the group's leadership in the assurance landscape, facilitating the delivery of end-to-end systemic quality solutions to a highly diverse international clientele.

SAI GLOBAL ASSURANCE, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

SAI Global is a leading provider of risk-based quality assurance solutions, operating as a critical technical auditor for global supply chains. The organization’s business model centers on enabling clients to identify and mitigate operational risks through management systems certification and second-party audits. Its value proposition is anchored in a globally recognized brand that provides transparency and trust across diverse end-markets, including high-stakes segments such as food, agriculture, and quick-service restaurants. Strategically, the firm focuses on capital-light, high-margin assurance services, supporting organizations in navigating complex regulatory environments and sustainability standards. The entity also manages a significant technical standards distribution platform, facilitating global market access for industrial and commercial operators. By delivering systemic audit and certification programs, the organization helps stakeholders ensure safety and quality throughout the asset lifecycle and distribution networks.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (AUD)

Year
Rev
EBITDA
EBIT
2021
2020

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REFERENCES

Valuation range: EV 500M - 1.5b AUD

Revenue range: 150M - 250M AUD

EBITDA range: 50M - 100M AUD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SAI GLOBAL ASSURANCE by INTERTEK 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: intertek