Redwood Services acquires five-contractor group from SE Capital for $220 million

Redwood Services has acquired a group of five contracting businesses from investment firm SE Capital for $220 million. The transaction values the target at roughly 11x to 13x EBITDA and increases Redwood's total annualized EBITDA to over $100 million.

“Residential HVAC, plumbing, and electrical platform Redwood Services has acquired a group of five contracting businesses from investment firm SE Capital, the company The valuation represents a multiple of roughly 11x on around $20 million of EBITDA, according to one of the people, while another source placed the figures at roughly 13x on approximately $17 million. The deal pushes Redwood’s total annualized EBITDA to “over” $100 million, one of the people said, without specifying — and its total number of contractor partners from 19 to 24 across the U.S., excluding tuck-in acquisitions.”

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