M7 Offshore AS
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M7 Offshore AS - overview
Location
-, -, Norway
Primary Industry
Oil & Gas
About
M7 Offshore AS is a Norwegian company specializing in providing maritime services and solutions for the offshore industry, focusing on safety and efficiency in operations. M7 Offshore AS is dedicated to maritime services specifically tailored for offshore operations. The company was acquired by Citec Group, a portfolio company of Sentica Partners, in August 2013. M7 Offshore has its headquarters in Norway and operates globally, although specific office locations are not detailed.
The founders' individual histories and past ventures are not publicly available. M7 Offshore AS offers a wide range of services including engineering, project management, and consultancy for the offshore sector. Their solutions are aimed at enhancing operational safety and efficiency for offshore activities, targeting clients in the oil and gas industry as well as renewable energy sectors. Their services are designed to meet the specific needs of each project, ensuring the highest standards of safety and compliance.
In the most recent year of 2023, M7 Offshore AS reported a revenue of USD 13. 62 mn and an EBITDA of USD 2. 24 mn, reflecting their current financial performance. M7 Offshore AS plans to enhance its service offerings by developing new engineering solutions aimed at the renewable energy sector, with anticipated launches set for late 2024.
The company is also looking to expand its operational footprint into emerging markets in Southeast Asia and Africa by 2025. The revenue generated from recent activities will be utilized to support these initiatives, ensuring the company stays aligned with the evolving demands of the offshore industry.
Current Investors
Citec Group Oy Ab
Primary Industry
Oil & Gas
Sub Industries
Engineering, Oil & Gas Equipment and Services
Website
www.m7offshore.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
M7 Offshore AS - timeline of key events
M7 Offshore AS - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | Mar 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 35,348,264 | 38,007,270 | 42,270,882 | 41,999,131 | 41,520,507 | 42,733,853 | 38,827,292 | 70,483,713 | 82,571,882 | 81,853,466 | 105,040,914 | - | - | - | - |
| % Revenue Growth (YoY) | - | 7.5% | 11.2% | (0.6%) | (1.1%) | 2.9% | (9.1%) | 81.5% | 17.2% | (0.9%) | 28.3% | - | - | - | - |
| EBITDA (USD) | 3,723,147 | 3,566,188 | 4,678,531 | 817,986 | 2,330,411 | 409,089 | (2,578,701) | 10,943,554 | 8,694,695 | 10,497,779 | 19,070,475 | - | - | - | - |
| Operating Income (USD) | 3,667,427 | 3,498,625 | 4,610,460 | 638,414 | 1,957,341 | (132,709) | (3,268,953) | 10,212,933 | 7,942,627 | 10,273,756 | 18,640,216 | - | - | - | - |
| Operating Margin | 10.4% | 9.2% | 10.9% | 1.5% | 4.7% | (0.3%) | (8.4%) | 14.5% | 9.6% | 12.6% | 17.7% | - | - | - | - |
| % EBITDA Margin | 10.5% | 9.4% | 11.1% | 1.9% | 5.6% | 1.0% | (6.6%) | 15.5% | 10.5% | 12.8% | 18.2% | - | - | - | - |
| NET Income (USD) | 2,674,149 | 2,525,433 | 3,223,898 | (865,637) | 1,475,200 | (124,300) | (2,639,594) | 8,024,793 | 6,551,324 | 8,550,316 | 14,306,359 | - | - | - | - |
| % Net Margin | 7.6% | 6.6% | 7.6% | (2.1%) | 3.6% | (0.3%) | (6.8%) | 11.4% | 7.9% | 10.4% | 13.6% | - | - | - | - |
M7 Offshore AS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | M7 Offshore AS | - |
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M7 Offshore AS - employee data
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