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02/2026

FLEXITALLIC GROUP acquired by MICHELIN

UNITED STATES Industrial Equipment / Components REV 150M - 250M USD

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.

It is worth noting that the fund Bridgepoint took control of Flexitallic Group through an LBO in 2013.

FLEXITALLIC GROUP, which reported an EBITDA margin of in 2025, 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 (11.6x).

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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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2025
2024

Other operations with FLEXITALLIC GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2013BRIDGEPOINTFLEXITALLIC GROUPUNITED STATESComponents

REFERENCES

Revenue range: 150M - 250M USD

EBITDA range: 50M - 100M USD

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

Acquirer: michelin