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ARMOR NAVIGATION & COMPAGNIE CORSAIRE

Acquired by

INNER

FRANCE Transport & Logistics REV [1m EUR - 100m EUR] 10/2025

Target

ARMOR NAVIGATION & COMPAGNIE CORSAIRE

Acquirer

INNER

Context

The Breton group Armor Navigation, a family-owned specialist in maritime excursions and passenger transport based in Perros-Guirec, has been acquired by the Parisian investment group Inner. The transaction, finalized in October 2025, covers all the group's entities: the operating companies Armor Navigation and Compagnie Corsaire (Saint-Malo), as well as the real estate assets held by SCI Armor Navigation.

This transaction is part of the Business Services industry, which currently tracks an average EBITDA multiple of 11.1x since the beginning of 2026, 0.8% increase compared to 2025. 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

A leading maritime tourism operator on the Emerald Coast (Brittany). The group operates a fleet of passenger vessels offering regular shuttle services (Saint-Malo / Dinard) and tourist excursions to sites like Cap Frehel, Fort-La-Latte, and the Chausey Islands. It is a key player in the local tourism ecosystem.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
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2023
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Other operations with ARMOR NAVIGATION & COMPAGNIE CORSAIRE

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.