M&A
SANSIDOR
Acquired by
IK PARTNERS
NETHERLANDS Industrial Services EV [100m EUR - 500m EUR] 07/2024
SANSIDOR acquired by IK PARTNERS
NETHERLANDS Industrial Services EV [100m EUR - 500m EUR] 07/2024
Target
SANSIDOR
Acquirer
IK PARTNERS
Context
IK Partners, through its IK Small Cap III Fund, has signed an agreement to invest in Sansidor alongside existing shareholders HC Partners, the original founders, and the management team. This transaction marks a new phase of growth for the Group, which was originally created in 2018 through a series of acquisitions. The strategic rationale for the investment is to accelerate the Group’s active buy,and,build strategy within the highly fragmented European testing, inspection, and services market. Under the new ownership structure, the Group plans to further develop its internal M&A engine to drive market consolidation and increase cross,selling across its network of companies. A key component of the future strategy includes international expansion, with an initial geographic focus on entering the German market. The partnership seeks to build upon the resilient nature of the Group’s service offering, which benefits from strong regulatory tailwinds and a loyal customer base across more than nine thousand clients.
Target
Sansidor is a fast,growing testing, inspection, and related services provider based in the Netherlands, specializing in the safety, health, and sustainability of the built environment. The Group operates as a "one,stop shop" for small, medium, and large enterprises, offering a broad suite of recurring, compliance,led services across four primary segments: Water Safety, Fire Protection, Electricity, and Building Integrity. Additionally, the Group maintains specialized niches in Infection Prevention and air measurements. Its business model is built on a decentralized network of high,performing specialist companies that maintain their entrepreneurial culture while benefiting from central support. This structure ensures a high level of customer stickiness, driven by stringent insurance, regulatory, and legal requirements that necessitate regular inspections of technical installations and building systems.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples Analysis
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Year
Rev
EBITDA
EBIT
2024
LOGIN
LOGIN
LOGIN
2023
LOGIN
LOGIN
LOGIN