SUEZ in exclusive negotiations for the sale of OSIS
With 2,500 employees located in over 130 local service centres in France, OSIS operates complementary business segments: sewerage and liquid waste collection, industrial cleaning and building hygiene. Over a century of experience, OSIS has developed strong expertise and specialized equipment to serve its diversified portfolio of customers, from corporates to local authorities and individuals. In 2019, OSIS made c.€ 311 million revenue and c. € 23 million EBITDA on a pro forma adjusted basis.
The transaction is the first major announcement concerning SUEZ’s asset rotation program intended to align our activities around our Shaping SUEZ 2030 strategy. The contemplated sale values the business transferred at c.€ 298 million, representing a multiple of c.13 times 2019 pro forma adjusted EBITDA.
SUEZ was advised by DC Advisory and Racine.