At what enterprise value was WASCO acquired in 2023?

During the acquisition of WASCO by REXEL in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of WASCO when it was acquired by REXEL?

The estimated EV/EBITDA multiple for WASCO is in the range of 5x - 12x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was WASCO acquired by REXEL?

WASCO was acquired by REXEL in 2023.

What was the revenue of WASCO at the time of the deal?

The revenue of WASCO at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of WASCO during the acquisition?

WASCO's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the WASCO acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the WASCO deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://capitalfinance.lesechos.fr/deals-m-a/mid-cap/rexel-met-la-main-sur-wasco-pour-485-meur-1948028

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Home Database Business ServicesWASCO

05/2023

WASCO acquired by REXEL

NETHERLANDS Industrial Services / Industrial & Technical Distribution EV 300M - 700M EUR

Context

Rexel is expanding in the Netherlands by acquiring Wasco, a leading HVAC distributor. With this acquisition, Rexel will double in size in the Netherlands, which will become the Group's fourth largest country.

WASCO, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.3x).

-> Deep-dive in Business Services market trends

Target

Wasco is a leader in the distribution of climate control products at the heart of the energy transition in the Netherlands. In 2023, Wasco operated 35 branches and two distribution centers in the Netherlands, generating revenue of approximately EUR540 million over the twelve months to the end of April 2023, 60% of which was generated through digital channels.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2022

2021

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

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

Acquirer: rexel