FLEXITALLIC GROUP acquired by MICHELIN
Context
Michelin has announced a definitive agreement to acquire the entire stake of The Flexitallic Group from the private equity firm Bridgepoint. This transaction marks a strategic exit for Bridgepoint, which first partnered with the business in 2013 and guided it through a significant transformation. For Michelin, the acquisition represents another major step in its diversification strategy, adding a complementary "High-Tech Materials" platform with a strong industrial client base. Flexitallic's expertise in sealing technologies and joint integrity aligns perfectly with Michelin's competencies in high-performance materials. The deal is expected to close in the first half of 2026, subject to customary regulatory approvals. The acquisition will allow Flexitallic to leverage Michelin's global R&D and industrial capabilities to accelerate its growth in new markets.
Bridgepoint had previously taken control of the company during an LBO in 2013.
FLEXITALLIC GROUP, which reported an EBITDA margin of LOGIN in 2025, 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 (10.9x).
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
The Flexitallic Group is the global manufacturing leader in sealing solutions and products for the energy production sector, and the oil and gas, chemical and petrochemical industries in emerging markets and developed countries. The group is present on all segments of the energy industry: upstream, midstream, downstream and power generation, and comprises the following companies: Flexitallic, AGS Flexitallic, SIEM Supranite, Novus Sealing, Induseal Gaskets, Sealex et Custom Rubber Products.
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Historical Financials (USD)
Other operations with FLEXITALLIC GROUP
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 05/2013 | BRIDGEPOINT | FLEXITALLIC GROUP | UNITED STATES | Industrial Equipment | Bridgepoint has reached an agreement to acquire a majority stake in The Flexitallic Group from Eurazeo PME. This transaction marks a successful exit for Eurazeo PME, which had supported the company's transformation from a regional French player (SIEM) into a global leader through organic growth and six strategic acquisitions across the UK and North America. The management team, led by Remi Toledano, will remain in place and has reinvested alongside Bridgepoint. The acquisition provides Flexitallic with a new financial partner to support its next phase of expansion, with a strategic objective to double the group's size within five years through further international development in Asia, Australia, and South America. |
REFERENCES
Revenue range: 150M - 250M USD
EBITDA range: 50M - 100M USD
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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).
Acquirer: michelin