2468 Group

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2468 Group - overview

Established

2003

Location

-, Meath, Ireland

Primary Industry

Business Support Services

About

2468 Group focuses on enhancing workplace environments by creating customized break spaces that prioritize employee satisfaction and collaboration. Their offerings include innovative breakroom solutions, vending services, and tailored fit-outs designed to foster a positive workplace culture. 2468 Group, established in 2003 and headquartered in Ireland, specializes in transforming workplace breakrooms. In July 2018, the company was acquired by Broadlake Capital, although specific financial details of the deal were not disclosed.


The founder's history has not been detailed, nor are there known subsidiaries or pivots in strategy. 2468 specializes in designing bespoke workplace break spaces that enhance employee appreciation and satisfaction. Their core services include the transformation of traditional breakrooms into inviting areas, providing tailored fit-out services, coffee machines and consumables, snack vending solutions, and water systems. The company also offers micromarkets with a variety of fresh and packaged products, primarily serving clients in the United Kingdom and Ireland to improve workplace culture and employee engagement.


In the most recent year, 2021, 2468 Group reported a revenue of USD 2. 73 mn and an EBITDA of USD 129,851. The company's revenue model relies on providing tailored workplace solutions through direct partnerships with corporate clients, fostering long-term relationships via service agreements for equipment and consumables. Following its acquisition in July 2018, 2468 Group aims to innovate its product offerings, with new services being designed to enhance workplace environments.


The company is actively looking to expand into new markets, focusing on the wider European region by mid-2024. The recent funding will be utilized to support these initiatives, although specifics on how the funds will be allocated have not been detailed.


Current Investors

Broadlake Capital

Primary Industry

Business Support Services

Sub Industries

Office Suppliers, Facilities & Maintenance Services, Hospitality Services

Website

www.2468group.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

2468 Group - financials

Fiscal Year EndedDec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021
Revenue (USD)1,462,1281,310,1841,441,6541,595,8261,361,7501,311,6081,316,546---
% Revenue Growth (YoY)-(10.4%)10.0%10.7%(14.7%)(3.7%)0.4%---
EBITDA (USD)(11,846)(130,332)97,747-------
Operating Income (USD)(11,846)(130,332)96,010-------
Operating Margin(0.8%)(9.9%)6.7%-------
% EBITDA Margin(0.8%)(9.9%)6.8%-------
NET Income (USD)(11,846)(130,332)96,01078,562(167,097)478,854138,619---
% Net Margin(0.8%)(9.9%)6.7%4.9%(12.3%)36.5%10.5%---

2468 Group - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompleted2468 Group-

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