SRV KALUSTO acquired by RAMIRENT
Context
Ramirent acquired the entire share capital of SRV Kalusto and simultaneously signed a long-term cooperation agreement to become the preferred equipment provider for SRV Group's construction sites. This allowed SRV to monetize its fleet and focus on construction, while Ramirent secured a major recurring revenue stream.
SRV KALUSTO, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.3x).
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Target
The internal equipment rental arm of SRV Group Plc (a leading Finnish construction group). It managed approx. 25% of SRV s equipment needs, including cranes, site facilities, and construction machinery.
Ent. Value
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Historical Financials (EUR)
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|---|---|---|---|---|
| 03/2019 | SPEEDY HIRE | LIFTERZ | UNITED KINGDOM | Equipment Rental |
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| 06/2018 | WARBURG PINCUS | SUPPLIER ASSESSMENT SERVICES | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
| 05/2018 | CINVEN | JLA | UNITED KINGDOM | Equipment Rental |
| 04/2018 | EUROFINS SCIENTIFIC | COVANCE FOOD SOLUTIONS | UNITED STATES | TIC (Testing, Inspection, Certification) |
| 02/2018 | HLD | KILOUTOU | FRANCE | Equipment Rental |
| 12/2017 | EUROFINS SCIENTIFIC | EAG LABORATORIES | UNITED STATES | TIC (Testing, Inspection, Certification) |
| 11/2017 | OMERS | TRESCAL | FRANCE | TIC (Testing, Inspection, Certification) |
REFERENCES
Valuation range: EV 10M - 30M EUR
Revenue range: 5M - 25M EUR
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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: ramirent