At what enterprise value was XEBEC acquired in 2023?

You can find the full valuation details of XEBEC on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of XEBEC when it was acquired by IVYS / ENBRIDGE?

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When was XEBEC acquired by IVYS / ENBRIDGE?

XEBEC was acquired by IVYS / ENBRIDGE in 2023.

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

The revenue of XEBEC at the time of the deal is estimated to be in the range of 100M - 200M CAD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of XEBEC during the acquisition?

XEBEC's EBITDA is estimated to be in the range of 0M - 5M CAD. 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 XEBEC 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 XEBEC 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://static1.squarespace.com/static/56db25ea8259b55064597215/t/641ccd6f56ef7430740c9083/1679609199205/Ivys_Xebec_Acquisition_20230323.pdf

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Home DatabaseXEBEC

02/2023

XEBEC

Acquired by

IVYS & ENBRIDGE

CANADA Energy Services & Technology REV 100M - 200M CAD

XEBEC acquired by IVYS & ENBRIDGE

CANADA Energy Services & Technology REV 100M - 200M CAD

Context

The acquisition of Xebec Adsorption Inc. by Ivys, Inc. and Enbridge Inc. is a strategic move to expand the companies' presence in the renewable energy sector. The deal enables Ivys to strengthen its position in the clean energy solutions market, while Enbridge gains access to Xebec's proprietary technologies and expertise in gas generation. The acquisition is expected to drive growth and innovation in the renewable energy sector, with a focus on reducing carbon emissions and promoting sustainable energy solutions. The combined entity will have a robust product portfolio, including hydrogen dispensing infrastructure, DC fast-charging solutions, and industrial gas purification systems. The deal is also expected to enhance the companies' capabilities in addressing the universal challenge of climate change, with a strong commitment to achieving net-zero greenhouse gas emissions by 2050. The acquisition is a testament to the growing demand for clean energy solutions and the importance of strategic partnerships in driving innovation and growth in the sector.

XEBEC, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

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.

Target

Xebec Adsorption is a premier global technology organization providing a comprehensive range of gas purification and filtration solutions for the renewable energy sector. The organization’s business model is built on an industrialized framework of Cleantech systems designed to produce renewable natural gas (RNG) and high-purity hydrogen. Its value proposition is centered on technical operational depth and market-leading expertise in adsorption technologies, ensuring the environmental compliance and performance of global gas networks. Strategically, the firm pursues an aggressive inorganic growth model, acquiring specialized service platforms to drive geographic densification and capture high-margin aftermarket revenue. By maintaining a dominant position in the renewable gas infrastructure market, the entity facilitates the structural decarbonization of industrial and municipal energy systems. The group prioritizes long-term value creation through the integration of proprietary gas processing hardware with a localized technical support network.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (CAD)

Year

Rev

EBITDA

EBIT

2021

2020

Other operations with XEBEC

Date	Acquirer	Target	Country	Sector	Deal Context
06/2021	XEBEC	TIGER FILTRATION	UNITED KINGDOM	Industrial Equipment	Tiger Filtration is a British-based company that specializes in the manufacturing of high-quality alternative in-line filter elements, vacuum pump separators, compressor air and oil separators, high-pressure stainless-steel filter housings, and bespoke filtration solutions. Established in 2004 by former Walker Filtration employees, the company has gained worldwide recognition for providing high-quality alternatives for the compressed air and gas industry. With a 14,000 sq ft facility in Sunderland, UK, Tiger Filtration supplies its products globally to customers ranging from small businesses to international organizations who expect quality products and an exceptional level of service. The company's products are designed to meet the needs of various industries, including compressed air and gas, and its commitment to quality and customer service has earned it a reputation as a trusted supplier in the industry.
07/2020	XEBEC	AIR FLOW	UNITED STATES	Industrial Services	Air Flow is a specialized technology organization dedicated to the distribution and maintenance of high-performance compressed air equipment. The entity’s business model is centered on a service-led framework, providing technical operational depth through preventative maintenance solutions, machine rentals, and comprehensive air energy system audits. Its value proposition is anchored in ensuring the operational efficiency and reliability of industrial air systems for a diverse set of agricultural, municipal, and industrial clients. Strategically, the firm focuses on the regional densification of its service footprint in North Carolina, a market with significant potential for renewable gas development. By maintaining a multidisciplinary team of service technicians, the organization ensures a mission-critical role in the lifecycle management of industrial gas compression. The entity prioritizes technical precision and energy analysis to facilitate the structural transition toward optimized industrial workflows and sustainable gas support.

REFERENCES

Revenue range: 100M - 200M CAD

EBITDA range: 0M - 5M CAD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of XEBEC by IVYS / ENBRIDGE are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: enbridge / ivys