ACCES INDUSTRIE acquired by DELMAS INVESTISSEMENTS ET PARTICIPATIONS
Context
Equistone Partners Europe sold its majority stake in Acces Industrie to the Delmas family group. This transaction supports the management team, led by Eric Lacombe and Pascal Meynard, in their long-term growth strategy. Since 2020, Equistone has helped the group grow from EUR91M to EUR140M in revenue, notably through international expansion (Spain).
Previously, the company had already undergone several LBOs, notably led by Parquest Capital in 2017 and Equistone in 2019. These multiple LBO cycles, coupled with several external growth operations, illustrate the strong appeal for this type of asset.
ACCES INDUSTRIE, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Business Services sector (11.4x).
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Target
A leading French independent specialist in the rental and sale of aerial work platforms and material handling equipment. Accès Industrie operates a national network of over 45 agencies and manages a fleet of approx. 14,600 machines, serving the construction, Corporate, and logistics sectors.
Ent. Value
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
5x–12x
EV / EBIT
10x–18x
Historical Financials (EUR)
Other operations with ACCES INDUSTRIE
Other operations with ACCES INDUSTRIE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2025 | ACCES INDUSTRIE | HUET LOCATION | FRANCE | Equipment Rental |
| 09/2019 | ACCES INDUSTRIE | MATELEV | FRANCE | Equipment Rental |
| 09/2019 | EQUISTONE | ACCES INDUSTRIE | FRANCE | Equipment Rental |
| 05/2019 | ACCES INDUSTRIE | NOVELIS | FRANCE | Equipment Rental |
| 06/2017 | PARQUEST CAPITAL | ACCES INDUSTRIE | FRANCE | Equipment Rental |
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REFERENCES
Valuation range: EV €300–700M
Revenue range: €100–200M
EBITDA range: €25–50M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ACCES INDUSTRIE by DELMAS INVESTISSEMENTS ET PARTICIPATIONS are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: acces industrie