SAR AS
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SAR AS - overview
Established
1987
Location
-, -, Norway
Primary Industry
Power & Utilities
About
Based in Norway, SAR AS operates as a waste management company, specializing in comprehensive waste chain management services tailored for various industries, particularly in offshore and onshore environments. SAR AS is a waste management firm founded in 1987 in Norway. The company has remained focused on waste management solutions and has not undergone any business pivots. SAR AS has been under the ownership of Stirling Square Capital Partners since its acquisition in April 2012.
The current CEO is Tor Schibevaag. SAR specializes in Waste Chain Management® (WCM), providing services that include waste treatment, handling, cleaning, removal, and disposal. These offerings are designed to meet the needs of diverse industries, particularly those in oil and gas, shipping, and manufacturing. SAR's WCM framework centralizes processes to enhance efficiency and sustainability, ensuring compliance with environmental regulations.
The company also conducts training programs led by experts to help clients adopt effective waste management strategies. In 2022, SAR AS reported a revenue of USD 97. 88 mn with an EBITDA of USD 1. 35 mn.
The company operates primarily through B2B transactions, engaging corporate clients in the offshore and land-based sectors. Service agreements often include comprehensive waste management solutions, equipment rental, and offshore-certified personnel, fostering long-term partnerships based on sustainability and cost-effectiveness. SAR AS aims to expand its market presence by entering new geographical regions and enhancing its service offerings. Although specific upcoming products have not been disclosed, the company is focused on leveraging its expertise in waste management to address emerging industry needs.
Recent funding from the acquisition in April 2012 will support these initiatives, although specific financial terms were not disclosed.
Current Investors
Stirling Square
Primary Industry
Power & Utilities
Sub Industries
Waste Management
Website
www.sargruppen.no
Verticals
Clean Technology
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
SAR AS - timeline of key events
SAR AS - 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 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 509,981,737 | 556,466,012 | 690,045,672 | 785,412,284 | 878,461,408 | 793,944,339 | 793,152,694 | 545,486,408 | 630,913,128 | 688,436,796 | 692,761,034 | 745,318,000 | - | - | - |
| % Revenue Growth (YoY) | - | 9.1% | 24.0% | 13.8% | 11.8% | (9.6%) | (0.1%) | (31.2%) | 15.7% | 9.1% | 0.6% | 7.6% | - | - | - |
| EBITDA (USD) | 72,240,816 | 89,176,906 | 109,354,084 | 113,158,388 | 101,948,450 | 42,127,374 | (45,439,153) | (72,531,055) | (3,427,139) | (669,987) | (28,481,227) | 60,205,000 | - | - | - |
| Operating Income (USD) | 40,522,399 | 49,473,445 | 67,228,764 | 67,541,521 | 56,716,421 | (12,653,789) | (120,327,647) | (148,566,220) | (73,506,439) | (66,781,477) | (80,128,266) | 24,859,000 | - | - | - |
| Operating Margin | 7.9% | 8.9% | 9.7% | 8.6% | 6.5% | (1.6%) | (15.2%) | (27.2%) | (11.7%) | (9.7%) | (11.6%) | 3.3% | - | - | - |
| % EBITDA Margin | 14.2% | 16.0% | 15.8% | 14.4% | 11.6% | 5.3% | (5.7%) | (13.3%) | (0.5%) | (0.1%) | (4.1%) | 8.1% | - | - | - |
| NET Income (USD) | 29,604,478 | 33,052,672 | 46,678,969 | 46,923,857 | 29,204,039 | (23,820,808) | (153,166,017) | (191,239,193) | (104,764,677) | (89,832,411) | (107,879,614) | 834,000 | - | - | - |
| % Net Margin | 5.8% | 5.9% | 6.8% | 6.0% | 3.3% | (3.0%) | (19.3%) | (35.1%) | (16.6%) | (13.0%) | (15.6%) | 0.1% | - | - | - |
SAR 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | SAR AS | - |
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SAR AS - employee data
SAR AS - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member Board Of Directors | BM |
BM Board Member
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