What did Owens & Minor, Inc. pay for Apria, Inc.?

Owens & Minor, Inc. acquired Apria, Inc. for $1.69B in 2022 (12.0x EBITDA), equivalent to 1.50x revenue. Target revenue was approximately $1136.0M. Target EBITDA was approximately $141.0M.

What does Apria, Inc. do?

Apria, Inc. is a wholesale distribution business.

What multiple did Owens & Minor, Inc. pay for Apria, Inc.?

12.0x EBITDA and 1.50x revenue, based on disclosed deal value of $1.69B and disclosed financials.

M&A TRANSACTION · 2022

Apria, Inc. acquired by Owens & Minor, Inc.

$1.69B· 12.0x EBITDA· 1.50x revenue

Target

Apria, Inc.

Acquirer

Owens & Minor, Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$1136.0M

EBITDA

$141.0M

Deal Value

$1.69B

EV/EBITDA

12.0x

Context

This $1.69B acquisition of Apria, Inc. by Owens & Minor, Inc. sits in the wholesale distribution sub-vertical. The 12.0x EBITDA multiple paid in 2022 can be compared against the population median for wholesale distribution transactions of similar size on our Wholesale Distribution valuation hub. Owens & Minor, Inc. is acquiring as a strategic buyer; see how strategic acquirers typically price wholesale distribution businesses on our Wholesale Distribution strategic buyer-pool page.

Source

Data sourced from SEC Fairness Opinion — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2022). Apria, Inc. acquired by Owens & Minor, Inc.. https://exitvalue.ai/deals/apria-inc-acquired-by-owens-minor-inc-fairness-opi