GROUPE ERI acquired by ANDERA PARTNERS
Context
Andera Partners has succeeded Latour Capital to back the next growth chapter of Groupe ERI, a premier leader in multi-technical building services within the Paris region. This secondary LBO transaction provides the company—which specializes in electrical engineering, HVAC systems, and comprehensive energy-efficient building renovations—with a new institutional sponsor to accelerate its corporate scaling. Andera Partners' investment thesis centers on partnering with the incumbent management team to capture secular tailwinds in real estate decarbonization and green infrastructure updates. Key value-creation levers for this new cycle include expanding high-margin technical maintenance contracts and executing a programmatic buy-and-build strategy to consolidate the fragmented technical building services market in France.
GROUPE ERI, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of .
Target
Groupe ERI is a premier French multi-technical services specialist delivering advanced electrical engineering, HVAC systems, technical facility management, and comprehensive building renovation solutions. Founded in 1957 and headquartered near Paris, the company has established an integrated operational model serving both public and private institutional sectors, including social housing, commercial real estate, healthcare infrastructure, and historical monuments. Its business model covers the entire asset lifecycle, from initial concept and design via its in-house engineering desk to installation, commissioning, and 24/7 reactive maintenance.
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REFERENCES
Revenue range: 100M - 200M EUR
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Press release: view release
Target: groupe eri
Acquirer: andera partners