Evac Acquisition, Valuation, Funding & Investors

Evac was acquired by Altor for $1.3B in December 2025, a 6.2x multiple on $205M of revenue.

See full Evac profile

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

Evac Overview

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

FinlandEspoo

Website

evac.com

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.

Evac acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Altor
8 Dec 2025PE buyout$1.3B6.2x25.0x

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

Evac valuation by funding round
DateStageValuation
Aug 2018Pre-seed$3M

Evac Funding History

Evac has raised a total of $300K across 1 funding round.

Evac funding rounds

Evac funding rounds
DateStageInvestorsRaisedValuation
Aug 2018Pre-seedTechnologyOne$300K$3M

Who has invested in Evac?

1 investor has backed Evac across its funding rounds, including TechnologyOne.


Evac Investors

Investors in Evac by funding rounds participated
InvestorHQRoundsRoleFirst check

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Evac Competitors

Evac competitors include listed companies like Kanadevia, Shoals, Hoymiles Power and Emerald Horizon, and private ones like Star Charge and Epirus.

Public and private companies comparable to Evac
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
KanadeviaJapanJapanPublicly listed$4.1B$184M$1.3B0.4x
ShoalsUnited StatesUnited StatesPublicly listed$475M$72M$1.3B2.6x
Hoymiles PowerChinaChinaPublicly listed$288M($32M)$1.3B1.9x
Emerald HorizonAustriaAustriaPublicly listed$259K($523K)$1.2B-
Star ChargeSingaporeSingaporePrivate--$1.2B-
EpirusUnited StatesLos Angeles, CAPrivate--$1.4B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kanadevia$4.1B$184M0.4x0.4x9.2x-
Hoymiles Power$288M($32M)3.3x1.9x(29.7x)(1242.9x)
Shoals$475M$72M3.2x2.6x20.9x12.8x
Emerald Horizon$259K($523K)4824.8x-(2390.4x)-
Gunkul engineering PCL$234M$101M7.2x5.6x16.7x15.6x
Quality Power Electrical$98M$21M12.3x10.5x57.0x53.0x
Inox Wind$439M$100M3.7x3.0x16.4x15.1x
thyssenkrupp nucera$973M$17M0.5x0.8x26.7x(5.4x)

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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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