Off Market – Tech–2478: Profitable Environmental / Geotech Lab and Consulting Company in Turkey

This listing is currently off-market

Premier Geotech/Environmental/Mining Lab and Consulting Company in Turkey

State-of-the-Art Lab Offering Opportunities in the Growing Turkish and Eurasian Markets

Gross Revenue:
US $588K (2019); US$ 985K (2018)
EBITDA (Weighted Avg): $363K Asking Price: $1.6 M
Asset Value: ~$1M Lab Area: 11,000 Sq. Ft.
Staff: 20 people
..Revenue and Profits expected to Rebound due to stronger  anticipated Growth (5%) in Turkey in 2020 onwwards and Company’s expanding Global footprint ….

This 25-year old company offers Environmental Consulting and analysis for water, soil, sludge, sediment, dust, air, noise, mineral rock drainage, geotechnical mineral analysis, etc. They also offer field surveys and field sampling. In the last three years, the Lab has invested heavily, to the tune of about $1.5M, to beef up its capabilities and can measure approximately 1,000 parameters. The Company has ISO / IEC 17025, ISO 14001, and OHSAS 18001 quality certificates. It offers an excellent opportunity for international companies to establish footprint in Turkey and also expand into Eurasian, Balkan, and African markets.


After having strong 2018 and 2017, the company saw a downturn in 2019, largely due to flat economic situation in Turkey. In 2018, the Company had gross revenue of about US$985K from both, the laboratory side and the consulting company. Out of this, the laboratory contributed 41% of revenue whereas the balance was from the consulting division. The EBITDA for 2018 was US$395K with the Laboratory contributing about 56% of the EBITDA. However, there was a significant drop in revenue in 2019, primary because Turkey’s economy struggled in 2019 with flat and anemic growth of 0.5 % growth through 2019. The revenue in 2019 was US$588K but the EBITDA remained respectable at US$338K as the Company cut its costs (head count went from 40 employees to 16 employees but added two more employees recently). The Weighted Average EBITDA (between 2017-2019) is at US$363K.

2018 2017
GROSS REVENUE $ 588K $ 985K $ 1.20M
Weighted Average EBITDA

The outlook for the Company looks brighter for 2020 and into the future – Turkey has set an ambitious goal for growth of 5% in 2020 (and World Bank also forecasts much better growth in Turkey at 3.5% in 2020) and projects similar growth through 2022. This will be fueled by significant investments and consumer spending. Inflation has also gone down significantly and is expected to continue moving downwards. Additionally, the Company is also expanding its footprint to other Eurasian countries including Macedonia, Montenegro, and Georgia and trying to grow also through International business.


The Company feels that with a strong global partner with more resources and global reach, it can reach the next level much quicker. It is open to selling a majority stake or all of the Company. Its current partners can continue helping the buyer manage and run the Company and help the buyer expand into Turkey and neighboring countries including Balkan and Eastern European countries, North Africa and in Middle East.

Current climate offers an excellent opportunity for a buyer to buy this Company relatively cheaply and establish a strong presence in this important Geographic region. Its strategic location will allow a Company to easily reach the Eurasian and other international markets. This is a strong, very well-respected Company with experienced consultants and a modern lab with impressive accreditations. It is offered at an attractive EBITDA multiple at $1.6M. The sellers are open to stay on and help the buyer grow the Company and willing to consider partnerships if the buyer so desires.


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