Portfolio / Vertex Facilities Group
Business Services · Charlotte, NC
Vertex Facilities Group
Roll-up of commercial HVAC and mechanical services providers across the Sun Belt.
LTM Revenue
$313m
LTM EBITDA
$49.8m
Multiple
12.8x
Net debt
$128m
Enterprise value
$637.4m
Quarter-over-quarter trend
Quarterly Financials
Vertex Facilities Group · last 4 quarters
| Q1 2026 | Q2 2026 | Q3 2026 | Q4 Current mark · 2026 | ||
|---|---|---|---|---|---|
| Operating results | |||||
| LTM Revenue$m | 274.3 | 285.3 | 298.1 | 313 | |
| LTM EBITDA$m | 42 | 44.3 | 47 | 49.8 | |
| EBITDA margin | 15.3% | 15.5% | 15.8% | 15.9% | |
| Valuation build | |||||
| Multiple (EV / LTM EBITDA)x | 12.0x | 12.2x | 12.5x | 12.8x | |
| Enterprise value | $504 | $540.5 | $587.5 | $637.4 | |
| (−) Net debt$m | 140 | 138 | 132 | 128 | |
| Equity value (100%) | $364 | $402.5 | $455.5 | $509.4 | |
| Fund share (82%) | $298.5 | $330 | $373.5 | $417.7 | |
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CURRENT QUARTER
Peer Compare
Ownership 82% · Cost $175m
| Vertex Facilities Group Current mark | COMF Public comp | APG Public comp | IESC Public comp | ||
|---|---|---|---|---|---|
| Operating results | |||||
| LTM Revenue$m | |||||
| LTM EBITDA$m | |||||
| EBITDA margin | 15.9% | 17.9% | 14.4% | 16.4% | |
| Valuation build | |||||
| Multiple (EV / LTM EBITDA)x | |||||
| Enterprise value | $637.4 | $1646.4 | $566.4 | $1074.5 | |
| (−) Net debt$m | |||||
| Equity value (100%) | $509.4 | $1446.9 | $466.9 | $924 | |
| Fund share (82%) | $417.7 | $1186.5 | $382.9 | $757.7 | |
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Valuation method