Valuation Trading Multiples & Precedent Transactions: Industrial Services and Environmental Controls Companies
Valuation benchmarks for Industrial Services and Environmental Controls Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Industrial Services and Environmental Controls Companies Market Context & Valuation Drivers
Companies in this public trading comparables group deliver mission-critical building systems services and environmental control products, spanning design-build installation, maintenance, and OEM equipment. They focus on electrical and mechanical systems, HVAC, fire/life safety, and industrial/medical filtration and dehumidification. They are comparable for valuation as compliance-driven, non-discretionary providers with mixed project and recurring revenue, aftermarket consumables, asset-light operations, and resilient margins across commercial and industrial end markets.
Typical capabilities include electrical and mechanical engineering, design-build and retrofit of HVAC and climate systems, installation and inspection of fire suppression and life safety networks, and specialty contracting such as scaffolding and insulation. Many also manufacture dehumidification, air filtration, and membrane products, supported by aftermarket parts and consumables. They provide commissioning, testing and maintenance (ITM), energy efficiency upgrades, facilities management, and integrated communications or controls, leveraging field service networks for recurring service revenue.
Primary customers include commercial and institutional facilities owners, industrial manufacturers and process industries, and healthcare and laboratory environments. Valuation benchmarks emphasize revenue growth from project and service backlogs, recurring service and consumables mix with high retention, EBITDA margin durability, and free cash flow conversion. Demand is supported by regulatory compliance, uptime and safety requirements, and energy efficiency mandates that drive multi-year maintenance contracts and predictable aftermarket sales.
2. Valuation Analysis: Public Trading Comps & Multiples for Industrial Services and Environmental Controls Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for Industrial Services and Environmental Controls Companies sector
Comparable group 1: Industrial Services and Environmental Controls Companies
SPIE
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of multi-technical services in electrical, mechanical, and HVAC engineering, as well as communication systems and energy services. Specializes in designing, building, operating, and maintaining energy-efficient, environmentally friendly facilities across Europe.
- Key Products:
- Electrical Engineering: Design, installation, and maintenance of electrical systems
- Mechanical Engineering: HVAC installation and maintenance
- Communication Systems: Solutions for telecommunication networks
- Energy Services: Energy efficiency and environmental solutions
- Facilities Management: Operation and maintenance of building systems.
GVS
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of filtration solutions, specializing in the design, manufacturing, and distribution of filters and membranes for healthcare and life sciences, energy and mobility, and health and safety applications, offering advanced technology and innovative products to enhance public health and safety.
- Key Products:
- Healthcare Filters: Specialized filters for medical devices and laboratory use
- Industrial Air Filtration: Filters for industrial environments
- Blood Processing Filters: Filters for safe blood transfusion and processing
- Chemical Filters: Filters to handle and purify chemicals
- Membrane Filters: High-performance membrane filters for various applications