ACV has been 100% owned by GROUPE ATLANTIC since September 2018.

When was ACV acquired by GROUPE ATLANTIC?

ACV was acquired by GROUPE ATLANTIC in 2018.

What was the revenue of ACV at the time of the deal?

The revenue of ACV at the time of the deal is estimated to be in the range of 100M - 200M EUR.

How is the data for the ACV acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ACV deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.acv.com/belgique/news/acv-international-rejoint-groupe-atlantic

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.5x.

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Home Database Industry & ManufacturingACV

09/2018

ACV acquired by GROUPE ATLANTIC

BELGIUM Industrial Equipment / Special Machinery / Boilers & Thermal Solutions REV 100M - 200M EUR

Context

Groupe Atlantic has finalized the 100% corporate acquisition of Belgian thermal comfort specialist ACV, marking a significant cross-border consolidation play within the European HVAC sector. Founded fifty years ago by Pierre Lamoure and Paul Radat, ACV is widely renowned for its high-performance sanitary water heating and space heating solutions tailored for both residential and commercial applications. The transaction perimeter strategically incorporates ACV’s North American operational subsidiary based in New Jersey, where the company successfully commercializes its product pipeline under the Triangle Tube brand. Supported by dedicated financial and legal advisors, this acquisition offers the French family-owned industrial group a transformational opportunity to instantly extend its strategic influence and geographic footprint into the high-growth US market.

ACV, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.5x).

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Target

ACV is a Belgian group specializing in sanitary water heating and heating solutions for residential and commercial use, founded fifty years ago by Pierre Lamoure and Paul Radat. The group has a network of 15 subsidiaries present in over 40 countries, including a US subsidiary located in New Jersey, where ACV markets its products under the Triangle Tube brand. ACV is renowned for its innovative heating and air conditioning solutions, and its scope of activity includes notably the production of sanitary water heating and heating for residential and commercial use. The group has developed a diversified range of products, ranging from gas wall boilers to heating systems for residential and commercial use, and benefits from significant international presence, with subsidiaries and partners in many countries.

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REFERENCES

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ACV by GROUPE ATLANTIC 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.

Press release: view release

Target: acv

Acquirer: groupe atlantic