FROID LOC SERVICES (FLS) acquired by KILOUTOU

Activa Capital took a majority stake (by investing a EUR20m ticket) in Groupe Desegur in its first-ever LBO transaction. The deal aims to professionalize the group's structure and accelerate its development through an ambitious buy-and-build strategy in the fragmented French TIC market.

Carlyle acquired a majority stake in Adastra Group, a canadian consulting company. The deal was structured as a recapitalization where the three founders retained a significant minority stake and remained involved in the business.Carlyle's entry provides the capital and M&A expertise to accelerate Adastra's growth in the booming AI and data services market, specifically targeting expansion in Asia and further consolidation in Europe.

The acquisition of Construction Testing Services by Phenna Group signifies a major territorial advancement for the group’s Infrastructure Division. The strategic logic of this transaction hinges on a geographic-lock maneuver, merging the target’s technical operational depth in Northern Ireland with the digital reporting and logistics framework of Simtec. This alignment equips the combined entity with the scientific talent and laboratory hardware necessary to address the increasing complexity of infrastructure validation across the UK and Ireland. This maneuver allows Phenna Group to finalize a structural bridgehead in the Northern Irish market, complementing the recent growth of its specialist businesses in London and East Anglia. By absorbing the target’s specialized technical assets, the acquirer gains an immediate foothold in high-stakes regional civil engineering projects and large-scale public works.

Bridgepoint agreed to acquire a majority stake in NMi Group from Levine Leichtman Capital Partners (LLCP). The management team is reinvesting in the transaction. NMi has grown significantly through a buy-and-build strategy (multiple acquisitions since 2020). The new partnership aims to accelerate international expansion (DACH, Nordics) and capitalize on regulatory drivers like the EU Cyber Resilience Act and the energy transition.

Serimax, a global specialist in advanced offshore and onshore welding solutions, is gaining independence from its parent company Vallourec. The subsidiary is being acquired by Aldebaran Capital Partners as part of the "New Vallourec" plan, which focuses on streamlining capital and refocusing on core activities. The management team, led by CEO Guillaume Graindor, will retain a minority stake in the newly independent entity.

Acces Industrie acquired Huet Location to strengthen its nationwide presence and expand its specialized fleet. This move brings together two significant players, creating a combined entity with more than 14,000 machines and significantly enhancing Acces Industrie's offer in large-capacity telescopic handlers and high-altitude platforms.

The acquisition of the target by the group marks a definitive structural expansion into the Florida market. The strategic rationale for this transaction centers on a "geographic-extension" play, merging the target's industry-leading technical operational depth in value-added processing with the group’s extensive North American distribution infrastructure. This fusion effectively creates a specialized powerhouse in the regional metals arena, providing the organization with the scientific talent and high-performance equipment required to address the increasing complexity of industrial and construction supply chains. This operation allows the group to execute a definitive structural transformation of its product mix by integrating specialized non-ferrous offerings. By incorporating the target's innovative processing platform, which has benefited from significant recent investments in advanced hardware, the organization can now provide a more robust and integrated solution set for specialized manufacturing.

Gimv has partnered with the management team of Tibbloc to accelerate the company's growth within the sustainable temporary energy market. This private equity investment / LBO aligns with Gimv’s core thesis of backing businesses driving the energy transition. As a premier specialist in mobile, temporary heating, cooling, and steam solutions, Tibbloc serves as a mission-critical partner for industrial players, commercial real estate, and municipal district heating networks requiring operational continuity. The strategic partnership with Gimv will fund the expansion of Tibbloc's highly efficient, next-generation rental fleet, accelerate its green product roadmap (including biomass, biogas, and industrial heat pumps), and support a programmatic buy-and-build strategy to expand its geographical market share across Europe.

Applied Industrial Technologies has successfully entered into a definitive agreement to acquire 100% of Hydradyne, a move that represents a major step in the expansion of its Engineered Solutions segment. This strategic transaction significantly enhances the group's operational footprint within the growing Southeastern United States market, integrating 33 specialized locations and a highly skilled technical workforce. The strategic rationale for the acquisition centers on combining the group’s global distribution power with the target’s deep expertise in fluid power system design and fabrication. By incorporating this high-performing technical platform, the group bolsters its value proposition across motion, flow control, and automation technologies. The partnership is designed to accelerate market penetration and drive significant cross-selling opportunities among a shared base of blue-chip industrial and commercial clients. Furthermore, the integration allows the group to capitalize on secular demand trends related to equipment modernization, reshoring, and industrial electrification. This transaction reinforces the group’s standing as a primary consolidator in the North American fluid power landscape, ensuring long-term technical durability and operational caliber for its global stakeholders.

The acquisition of VITAL S.p.A. marks a strategic expansion for the group’s operations in Southern Europe, specifically establishing a premier platform within the Italian C-parts market. This transaction incorporates a highly reputable distributor with a well-diversified industrial client base across the rail, machinery, and electrical sectors. The rationale for the move centers on building a significant regional footprint and increasing the overall service level for existing international customers operating in Italy. The integration of this family-led specialist provides a critical stepping stone for further consolidation in a highly fragmented market. By leveraging the target’s deep regional expertise and long-standing customer relationships, the organization aims to accelerate its growth journey and implement a broader buy-and-build strategy in the region. The partnership is designed to foster knowledge transfer between teams, enhancing the group’s technical presence and operational agility. This strategic move aligns with the long-term goal of market dominance through the acquisition of high-margin entities that complement the existing global supply chain infrastructure.