mynth
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 LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Industry & Manufacturing market trends

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.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2017
LOGIN
LOGIN
LOGIN
2016
LOGIN
LOGIN
LOGIN

Other operations with ACV

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: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: acv

Acquirer: groupe atlantic