BUYER POOL ANALYSIS
Selling a Metal Fabrication to Private Equity / PE-Backed Roll-Up buyers
Private equity firms and PE-backed platform consolidators acquiring for roll-up, add-on, or platform plays. Pricing tends to lead the market for fee-viable scale, with multi-bidder competitive processes above the EBITDA floor.
Quick answers
- What multiple does this buyer pool pay?
- Median EV/EBITDA 6.47x across 8 disclosed deals (P25: 3.32x, P75: 11.94x). Median EV/Revenue 0.85x across 10 deals. Median deal value: $560.5M.
- How many disclosed transactions?
- 12 deals total (12 from 2018+), filtered to Private Equity / PE-Backed Roll-Up acquirers of metal fabrication businesses.
- Most active buyers
- Anglo American plc (1) · Core Natural Resources, Inc. (1) · Apollo Global Management, Inc. (1) · AIP, LLC (1) · 1448935 B.C. Ltd. (1) · Glencore Canada Corporation (:NRD) (1)
Recent disclosed deals
Private Equity / PE-Backed Roll-Up acquisitions of metal fabrication businesses with named target, named acquirer, and disclosed financials.
| Year | Target | Acquirer | EV | EV/EBITDA | EV/Rev |
|---|---|---|---|---|---|
| 2025 | Teck Resources Limited | Anglo American plc | $24280.0M | 10.0x | 3.37x |
| 2024 | Arch Resources, Inc. | Core Natural Resources, Inc. | $2561.2M | 4.9x | 0.85x |
| 2023 | Arconic Corporation | Apollo Global Management, Inc. | $4546.6M | 8.1x | 0.54x |
| 2023 | Boart Longyear Group Ltd. | AIP, LLC | $371.0M | 3.2x | 0.35x |
| 2023 | Elk Valley Resources Ltd. | 1448935 B.C. Ltd. | $7300.0M | 1.7x | — |
| 2023 | Noranda Income Fund | Glencore Canada Corporation (:NRD) | $235.5M | 3.5x | 0.31x |
What this buyer pool prices for
Private equity acquirers price for scale and roll-up arbitrage. They pay up for businesses that fit a platform thesis — recurring revenue mix above 30%, technician/professional depth, clean financials, and a management layer that survives integration. The same metal fabrication can command 1.5x to 2x the multiple of an individual-buyer transaction simply because the PE buyer is acquiring a platform piece, not an owner-operated shop.
Methodology note
Multiples shown are computed from disclosed M&A transactions in the ExitValue.ai database, filtered to metal fabrication businesses acquired by private equity / pe-backed roll-up buyers. EV/EBITDA outliers outside the [0.5x, 60x] band and EV/Revenue outliers outside [0.05x, 25x] are excluded from medians. Where available, post-2018 transactions are weighted; otherwise the all-time sample is used. Deal counts shown reflect deals with disclosed financials only — total transaction count for this buyer pool is typically 2-3x larger. Full methodology
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