What did Federal Street Acquisition Corp. pay for Universal Hospital Services, Inc.?

Federal Street Acquisition Corp. acquired Universal Hospital Services, Inc. for $1.74B in 2018 (11.9x EBITDA), equivalent to 3.20x revenue. Target revenue was approximately $539.0M. Target EBITDA was approximately $146.0M.

What does Universal Hospital Services, Inc. do?

Universal Hospital Services, Inc. is a wholesale distribution business.

What multiple did Federal Street Acquisition Corp. pay for Universal Hospital Services, Inc.?

11.9x EBITDA and 3.20x revenue, based on disclosed deal value of $1.74B and disclosed financials.

M&A TRANSACTION · 2018

Universal Hospital Services, Inc. acquired by Federal Street Acquisition Corp.

$1.74B· 11.9x EBITDA· 3.20x revenue

Target

Universal Hospital Services, Inc.

Acquirer

Federal Street Acquisition Corp.

Disclosed financials at time of acquisition

Revenue

$539.0M

EBITDA

$146.0M

Deal Value

$1.74B

EV/EBITDA

11.9x

Context

This $1.74B acquisition of Universal Hospital Services, Inc. by Federal Street Acquisition Corp. sits in the wholesale distribution sub-vertical. The 11.9x EBITDA multiple paid in 2018 can be compared against the population median for wholesale distribution transactions of similar size on our Wholesale Distribution valuation hub.

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. (2018). Universal Hospital Services, Inc. acquired by Federal Street Acquisition Corp.. https://exitvalue.ai/deals/universal-hospital-services-inc-acquired-by-federal-street-acquisition-corp-fairness-opi