Rimorchiatori Riuniti S.p.A.
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Rimorchiatori Riuniti S.p.A. - overview
Established
1922
Location
Genoa, -, Italy
Primary Industry
Logistics & Distribution
About
Rimorchiatori Riuniti S. p. A. is a premier tugboat operator specializing in maritime services, providing reliable towage and assistance to vessels in ports and offshore operations.
Founded in 1922 in Genoa, Italy, Rimorchiatori Riuniti S. p. A. operates as a leading player in the tugboat industry, focused on maritime towage services.
The company has maintained its core operations without significant pivots in business strategy. As of November 2017, Deutsche Bank Asset Management acquired a 35% stake in the company, valuing it at EUR 430 million. Rimorchiatori Riuniti S. p.
A. has been involved in one deal, with the most recent activity recorded on November 17, 2017. Rimorchiatori Riuniti S. p.
A. offers a comprehensive range of maritime services, primarily focusing on tugboat operations. The company provides essential towage services for various vessels, ensuring safe and efficient movements in port and offshore operations. Their services are crucial in enhancing maritime safety and operational efficiency for shipping companies worldwide.
In the fiscal year 2023, Rimorchiatori Riuniti S. p. A. reported a revenue of EUR 463,533.
1, while the EBITDA for the same year was recorded at EUR -11,202,110. 9, indicating a loss at the operational level. Rimorchiatori Riuniti S. p.
A. plans to leverage its recent funding from Deutsche Bank Asset Management to enhance its fleet capabilities and expand its service offerings. The company is targeting growth in the Mediterranean region, aiming to establish new operational bases by 2025. Investments will also focus on innovative tugboat technologies to improve efficiency and reduce environmental impact, aligning with industry trends toward sustainability.
Current Investors
Primary Industry
Logistics & Distribution
Sub Industries
Oil & Gas Equipment and Services, Freight Transportation Services
Website
www.rimorchiatori.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Rimorchiatori Riuniti S.p.A. - timeline of key events
Rimorchiatori Riuniti S.p.A. - financials
| Fiscal Year Ended | Dec 31, 2010 | 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 | Jun 30, 2023 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 17,906,163 | 19,998,505 | 21,833,649 | 19,342,248 | 19,103,168 | 19,571,521 | 20,638,732 | 8,602,769 | 5,801,778 | 6,355,705 | 5,498,842 | 3,980,661 | - | - | - |
| % Revenue Growth (YoY) | - | 11.7% | 9.2% | (11.4%) | (1.2%) | 2.5% | 5.5% | (58.3%) | (32.6%) | 9.5% | (13.5%) | (27.6%) | - | - | - |
| EBITDA (USD) | 5,385,111 | 13,188,547 | 12,129,431 | 9,359,416 | 13,067,084 | 13,175,160 | 17,025,542 | 16,665,320 | (8,811,892) | (10,902,906) | (48,400,941) | 452,040 | - | - | - |
| Operating Income (USD) | (4,597,790) | 3,228,895 | 2,302,762 | 336,716 | 6,476,289 | 8,591,576 | 12,814,395 | 15,236,353 | (9,939,984) | (12,063,736) | (49,720,941) | 225,708 | - | - | - |
| Operating Margin | (25.7%) | 16.1% | 10.5% | 1.7% | 33.9% | 43.9% | 62.1% | 177.1% | (171.3%) | (189.8%) | (904.2%) | 5.7% | - | - | - |
| % EBITDA Margin | 30.1% | 65.9% | 55.6% | 48.4% | 68.4% | 67.3% | 82.5% | 193.7% | (151.9%) | (171.5%) | (880.2%) | 11.4% | - | - | - |
| NET Income (USD) | 2,013,502 | 4,068,099 | 7,693,747 | 7,018,600 | 12,552,977 | 17,870,158 | 11,389,405 | 118,408,771 | 27,908,438 | 8,738,971 | (43,333,189) | 14,939,459 | - | - | - |
| % Net Margin | 11.2% | 20.3% | 35.2% | 36.3% | 65.7% | 91.3% | 55.2% | 1376.4% | 481.0% | 137.5% | (788.0%) | 375.3% | - | - | - |
Rimorchiatori Riuniti S.p.A. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Rimorchiatori Riuniti S.p.A. | - | ||||||||
| Secondary Buyout | Completed | Rimorchiatori Mediterranei | - |
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Rimorchiatori Riuniti S.p.A. - employee data
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