TIBBLOC acquired by GIMV
Context
Gimv has partnered with the management team of Tibbloc to accelerate the company's growth within the sustainable temporary energy market. This private equity investment / LBO aligns with Gimv’s core thesis of backing businesses driving the energy transition. As a premier specialist in mobile, temporary heating, cooling, and steam solutions, Tibbloc serves as a mission-critical partner for industrial players, commercial real estate, and municipal district heating networks requiring operational continuity. The strategic partnership with Gimv will fund the expansion of Tibbloc's highly efficient, next-generation rental fleet, accelerate its green product roadmap (including biomass, biogas, and industrial heat pumps), and support a programmatic buy-and-build strategy to expand its geographical market share across Europe.
TIBBLOC, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with 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.
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Target
Specialist in mobile heating, cooling, and steam rental solutions for Corporate and tertiary sectors.
Ent. Value
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Multiples
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EV / EBITDA
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Historical Financials (EUR)
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REFERENCES
Revenue range: 25M - 50M EUR
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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).
Acquirer: gimv