STAVDAL acquired by RAMIRENT
Context
Ramirent acquired Stavdal to create the market leader in Sweden. this deal was finalized just as Loxam was launching its tender offer for Ramirent, meaning Stavdal was immediately integrated into the Loxam group.
STAVDAL, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as low as the average currently observed in the Business Services sector (11.1x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> Deep-dive in Business Services market trends
Target
One of the leading general equipment rental companies in Sweden, with a strong presence in the Stockholm and Gothenburg metropolitan areas. Stavdal provides lifting equipment, construction machinery, and modular solutions.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Similar deals in Business Services
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 05/2019 | INITIATIVE & FINANCE | NORD COFFRAGE | FRANCE | Industrial Services | Initiative & Finance and Turenne Groupe acquired a majority stake in Nord Coffrage to support its national expansion. Under the leadership of the founder and a reinforced management team, the goal was to capitalize on the Grand Paris projects and densify the regional agency network (Lille, Paris, Lyon, Nantes). |
| 05/2019 | ACCES INDUSTRIE | NOVELIS | FRANCE | Industrial Services | Acces Industrie acquired Novelis to strengthen its "Material Handling" division and diversify away from the pure construction cycle. This acquisition integrated approx. 1,000 machines and a strategic distribution network in Western France. It also allowed the group to leverage Novelis' expertise in equipment sales, complementing its core rental business. |
| 03/2019 | SPEEDY HIRE | LIFTERZ | UNITED KINGDOM | Industrial Services | Speedy has acquired Lifterz, a UK-based aerial lift and access equipment rental specialist, as part of an external growth strategy aimed at bolstering its position in the equipment rental market. The acquisition enables Speedy to strengthen its presence in the access segment and enhance its territorial coverage in the UK, particularly in areas where Lifterz has a strong foothold. This move is part of a broader strategy to establish a comprehensive national offering that can cater to the needs of major accounts across the entire territory |
| 02/2019 | MISTRAS GROUP | ONSTREAM PIPELINE INSPECTION | CANADA | Industrial Services | MISTRAS Group has acquired 100% of the stock of Onstream Pipeline Inspection Services from the Canadian private equity firm Novacap and other shareholders. The strategic rationale for the acquisition is to establish a "pipeline integrity pillar" within MISTRAS’ service portfolio. Onstream brings a fast-growing, highly profitable platform with a 4-year revenue CAGR of over 25%. The integration allows MISTRAS to leverage its extensive US customer relationships to accelerate Onstream’s expansion into the American market and the large-diameter midstream segment |
| 12/2018 | RAMIRENT | SRV KALUSTO | FINLAND | Industrial Services | 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. |
| 10/2018 | KILOUTOU | MICHAUD LOCATION | FRANCE | Industrial Services | Kiloutou acquired Michaud Location to reinforce its network in the Alpes-de-Haute-Provence and Var departments. This tactical acquisition integrated 3 branches and approx. 15 employees. It allowed Kiloutou to recover a loyal local customer base and a well-maintained fleet of about 300 machines. |
| 06/2018 | WARBURG PINCUS | SUPPLIER ASSESSMENT SERVICES | UNITED KINGDOM | Industrial Services | Warburg Pincus has finalized the acquisition of Supplier Assessment Services from Capita plc. This strategic carve-out includes the prominent Constructionline and Acclaim portfolios, marking a significant entry for the private equity firm into the UK’s third-party risk management space. The investment thesis for the acquisition is based on the increasing criticality of supply chain risk management and the rising global requirements for stringent health, safety, and procurement standards. Warburg Pincus intends to leverage the target's existing platform and deep network to accelerate growth through product enhancement and expansion into new industry verticals |
| 06/2018 | MBO+ | GROUPE LOCATION TRANSPORT | FRANCE | Industrial Services | MBO Partners has acquired a majority stake in Groupe LT, a French company specializing in equipment and heavy machinery rentals, through a primary leveraged buyout (LBO). This transaction marks the exit of the company's two historical founders and minority shareholders, while the management team reinvests alongside MBO Partners to continue driving the group's growth. With a presence in three French regions, Groupe LT employs 350 staff members, operates a fleet of 500 vehicles, and generated +€40 million in revenue in 2017 |
| 05/2018 | CINVEN | JLA | UNITED KINGDOM | Industrial Services | Private equity firm Hg has entered into a definitive agreement to fully divest its equity stake in JLA to pan-European investment firm Cinven. The transaction, which remains subject to customary regulatory clearances, marks the culmination of a highly successful holding period and exit process for the selling sponsor. Exclusively advised by investment bank Baird on the corporate finance front, Hg successfully concludes an investment cycle defined by significant operational transformation, executed in close partnership with the management team led by CEO Stephen Baxter |
| 04/2018 | EUROFINS SCIENTIFIC | COVANCE FOOD SOLUTIONS | UNITED STATES | Industrial Services | Eurofins Scientific has signed a definitive agreement to acquire Covance Food Solutions from LabCorp (which originally acquired the business through its 2015 purchase of Covance). The strategic rationale for the acquisition is to enhance Eurofins’ footprint in North America, the UK, and Asia while adding a high-quality portfolio of food product testing and consulting services. Because the two organizations have complementary geographic reaches and service offerings, no restructuring is required. Instead, Eurofins expects to realize top-line synergies through cross-selling to each organization’s existing client base |
REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 10M - 30M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of STAVDAL by RAMIRENT are reserved for mynth community members. Register for free to unlock full data.
Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Acquirer: ramirent