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- Evac
Evac Acquisition, Valuation, Funding & Investors
Evac was acquired by Altor for $1.3B in December 2025, a 6.2x multiple on $205M of revenue.
Evac acquisition price
$1.3B
Acquired by Altor · Dec 2025
Evac revenue at acquisition
$205M
Last twelve months · Dec 2025
Evac revenue multiple at acquisition
6.2x
EV/Revenue · Dec 2025
Evac EBITDA multiple at acquisition
25.0x
EV/EBITDA · Dec 2025
About Evac
Evac is a Helsinki-headquartered provider of integrated waste, wastewater, and water management systems for marine and offshore sectors. With over 12,000 installations on vessels from yachts to cruise ships, it operates in eight countries including the United States, China, and Brazil, serving shipbuilders like Meyer Werft and Royal Caribbean.
Founded
1979
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales, Services
Revenue
$205M (Dec 2025)
Valuation
$3M (Aug 2018)
Evac Acquisition
Evac was acquired by Altor for $1.3B on 8 December 2025.
The acquisition price implies a 6.2x revenue and 25.0x EBITDA multiple on $205M of revenue.
Before the acquisition Evac had raised $300K across 1 funding round.
Altor Equity Partners, through Altor Fund VI and Altor ACT I, acquired a majority stake in Evac Holding Oy from Bridgepoint in December 2025. Evac, founded in 1979 and headquartered in Espoo, Finland, is a global leader in integrated cleantech solutions for marine and land-based applications, specializing in water and waste management systems, marine growth prevention, and vessel protection. The company operates in over 70 countries with approximately 550 employees, serving cruise lines, naval forces, commercial fleets, and yacht operators across its diversified customer base. Under Bridgepoint's ownership from 2017, Evac expanded revenues from approximately €100 million in 2016 to €190 million in 2024 through targeted M&A, product portfolio expansion, and development of aftermarket capabilities, with EBITDA projected to reach around €47 million in 2025. The transaction reflects Altor's strategic focus on industrial businesses and cleantech investments aligned with decarbonization and circularity objectives through its climate-focused companion fund, Altor ACT I. Evac's management team reinvested alongside Altor and will partner with the investor to drive growth through continued product innovation and selective M&A across segments and products. Altor's prior experience in the marine sector includes investments in Aalborg Industries, Navico, and Wrist Ship Supply. The transaction was advised by DNB Carnegie as M&A advisor, with Krogerus serving as lead legal advisor and Freshfields providing additional legal counsel. Day-to-day operations, customer commitments, contracts, and contact points remained unchanged following the ownership transition.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 8 Dec 2025 | PE buyout | $1.3B | 6.2x | 25.0x |
Evac Valuation
Evac is currently valued at $3M, based on its pre-seed round in August 2018.
The $300K round included TechnologyOne.
Evac valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2018 | Pre-seed | $3M |
Evac Funding History
Evac has raised a total of $300K across 1 funding round.
Evac funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Aug 2018 | Pre-seed | TechnologyOne | $300K | $3M |
Who has invested in Evac?
1 investor has backed Evac across its funding rounds, including TechnologyOne.
Evac Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Evac investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialEvac Competitors
Evac competitors include listed companies like Kanadevia, Shoals, Hoymiles Power and Emerald Horizon, and private ones like Star Charge and Epirus.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.1B | $184M | $1.3B | 0.4x | ||
| Publicly listed | $475M | $72M | $1.3B | 2.6x | ||
| Publicly listed | $288M | ($32M) | $1.3B | 1.9x | ||
| Publicly listed | $259K | ($523K) | $1.2B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.4B | - |
Evac Public Comps
Evac is no longer listed, but its public comps include Kanadevia, Hoymiles Power, Shoals, Emerald Horizon, Gunkul engineering PCL, Quality Power Electrical, Inox Wind, thyssenkrupp nucera, Shanghai Environment Group and 2G Energy.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.1B | $184M | 0.4x | 0.4x | 9.2x | - | |||
| $288M | ($32M) | 3.3x | 1.9x | (29.7x) | (1242.9x) | |||
| $475M | $72M | 3.2x | 2.6x | 20.9x | 12.8x | |||
| $259K | ($523K) | 4824.8x | - | (2390.4x) | - | |||
| $234M | $101M | 7.2x | 5.6x | 16.7x | 15.6x | |||
| $98M | $21M | 12.3x | 10.5x | 57.0x | 53.0x | |||
| $439M | $100M | 3.7x | 3.0x | 16.4x | 15.1x | |||
| $973M | $17M | 0.5x | 0.8x | 26.7x | (5.4x) | |||
This data is available for Pro users. Sign up to see all Evac competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Evac
| When was Evac founded? | Evac was founded in 1979. |
| Where is Evac headquartered? | Evac is headquartered in Espoo, Finland. |
| Is Evac publicly listed? | No, Evac was acquired by Altor in December 2025. |
| Who acquired Evac? | Evac was acquired by Altor in December 2025. |
| How much was Evac acquired for? | Evac was acquired for $1.3B in December 2025, a 6.2x revenue multiple. |
| What is Evac's valuation? | Evac was last valued at $3M in its pre-seed round in August 2018. |
| How much funding has Evac raised? | Evac has raised $300K across 1 funding round. |
| What was Evac's last funding round? | Evac's last funding round was a $300K pre-seed round in August 2018. |
| Who are Evac's investors? | Evac's investors include TechnologyOne. |
| Which companies are comparable to Evac? | Companies comparable to Evac include Kanadevia, Shoals, Hoymiles Power, Emerald Horizon, Star Charge and Epirus. |
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