ACV acquired by GROUPE ATLANTIC
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 (11.2x).
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.
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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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Historical Financials (EUR)
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REFERENCES
Revenue range: 100M - 200M EUR
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Authors: verified 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