Marketplace · Belgium
HVAC & electrical installation businesses in Seraing typically transact at 3.0x-4.5x EV/EBITDA, with a sector median of 3.7x in Belgium. Liège-region city reinventing its steel heritage (Cockerill) into industrial tech, hydrogen and engineering SMEs.
Seraing (population ~64,000, Liège Province) anchors hvac & electrical installation transactions at a 3.7x EV/EBITDA median, with most defensible deals landing between 3.0x (conservative) and 4.5x (strong recurring revenue). Liège-region city reinventing its steel heritage (Cockerill) into industrial tech, hydrogen and engineering SMEs. Deal flow blends legacy-manufacturing succession with cleantech and supply-chain transactions.
Upswitch is anonymity-by-design: new hvac & electrical installation dossiers in Seraing surface here as soon as they pass advisor validation. Subscribe to the alert and we'll notify you within hours of the next listing going live.
Browse all listingsFor a hvac & electrical installation SME in Seraing with normalised EBITDA above €200k, expect the headline price to anchor on a 3.7x EV/EBITDA multiple, with a working-capital peg, 5-15% escrow, and (in 35-45% of deals) an earn-out tied to year-one EBITDA or customer retention. Cross-border buyer interest from Dutch acquirers is consistently elevated.
Liège-region city reinventing its steel heritage (Cockerill) into industrial tech, hydrogen and engineering SMEs. Deal flow blends legacy-manufacturing succession with cleantech and supply-chain transactions. For hvac & electrical installation specifically, Seraing's buyer pool typically includes regional family businesses, Benelux-wide strategic acquirers, and (for deals above ~€2m EV) PE-backed roll-up platforms.
