mynth
12/2021

SP INDUSTRIES acquired by ATS CORPORATION

UNITED STATES Industrial Equipment / Special Machinery / Lab & Scientific Equipment EV 300M - 700M USD

Context

ATS Automation has finalized the acquisition of SP Industries from Harbour Group, a maneuver designed to fundamentally expand the group's capabilities in the pharmaceutical and life sciences sectors. The strategic rationale for this transaction centers on a "portfolio-expansion" play, merging the target's industry-leading aseptic and non-aseptic lyophilization technology with the group’s established global leadership in automated manufacturing solutions. This fusion effectively creates a specialized powerhouse in the bioprocessing equipment arena, providing the organization with the high-precision hardware required to address the increasing complexity of drug development and fill-finish operations.

SP INDUSTRIES, 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 Industry & Manufacturing sector (11.6x).

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Target

SP Industries operates as a premier technology organization dedicated to the design and manufacture of high-grade biopharmaceutical processing equipment and laboratory apparatus. The entity’s business model is centered on a proprietary framework of lyophilization and aseptic fill-finish solutions, which are mission-critical for the stabilization and packaging of temperature-sensitive biologics and vaccines. Its value proposition is anchored in technical operational depth, providing a comprehensive portfolio that spans from research-scale freeze dryers to large-capacity commercial production systems. Strategically, the firm focuses on the entire pharmaceutical drug development lifecycle, leveraging a strong recurring revenue stream through its specialized labware and glassware business. By maintaining a specialized focus on standardized, repeatable results in sterile environments, the organization ensures a vital role in the structural efficiency of pharmaceutical manufacturing. The entity prioritizes technical innovation and industrialized quality standards to facilitate the structural advancement of therapeutic production worldwide.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2021
2020

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REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 100M - 200M USD

EBITDA range: 10M - 30M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SP INDUSTRIES by ATS CORPORATION 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.

Target: sp industries