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 [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Business Services sector (11.4x).
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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
€10–30M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2019 | WESTBRIDGE CAPITAL | APEM GROUP | UNITED KINGDOM | Engineering & Consulting |
| 02/2019 | MISTRAS GROUP | ONSTREAM PIPELINE INSPECTION | CANADA | TIC (Testing, Inspection, Certification) |
| 10/2018 | ASHTEAD TECHNOLOGY | WELAPTEGA | CANADA | TIC (Testing, Inspection, Certification) |
| 10/2018 | KILOUTOU | MICHAUD LOCATION | FRANCE | Equipment Rental |
| 09/2018 | UNITED RENTALS | BLUELINE RENTAL | UNITED STATES | Equipment Rental |
| 07/2018 | UNITED RENTALS | BAKERCORP | UNITED STATES | Equipment Rental |
| 07/2018 | PLATINUM EQUITY | YAK ACCESS | UNITED STATES | Equipment Rental |
| 06/2018 | MBO+ | GROUPE LOCATION TRANSPORT | FRANCE | Equipment Rental |
| 06/2018 | WARBURG PINCUS | SUPPLIER ASSESSMENT SERVICES | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
| 05/2018 | CINVEN | JLA | UNITED KINGDOM | Equipment Rental |
REFERENCES
Valuation range: EV €10–30M
Revenue range: €5–25M
EV/Revenue range: 2x - 6x
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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