GROUPE FLAMME acquired by SECHE ENVIRONNEMENT
Context
Seche Environnement has signed a unilateral purchase agreement to acquire the Flamme Group, a family-owned specialist in hazardous waste management. This acquisition strengthens Seche's geographical footprint in Northern France and expands its capabilities in industrial waste incineration and sanitation. By integrating Flamme's expertise, the group consolidates its leading position in the circular economy and hazardous waste treatment markets across Europe.
By taking control of Groupe Flamme, Seche Environnement continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Eco Corporate Environmental Engineering in 2024.
GROUPE FLAMME, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of .
Target
Groupe Flamme is a long-standing family-owned business specializing in the management and treatment of industrial and hazardous waste. The group operates through three main entities: A.R.F. (focused on special and hazardous waste since the early 1980s), Flamme Environnement, and Flamme Assainissement. Its business model covers the entire waste value chain, with a significant emphasis on high-complexity industrial incineration and specialized remediation services. Founded on a legacy dating back to the early 20th century, the company has developed proprietary expertise in neutralizing hazardous materials, making it a critical partner for industrial clients in Northern France. By integrating advanced treatment technologies with a strong regional logistics network, the organization ensures regulatory compliance and environmental safety for mission-critical waste disposal, maintaining high barriers to entry in the specialized environmental services market.
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2025 | ITELYUM | La Cart | ITALY | Collection & Recycling |
| 07/2025 | CAPZA | DI ENVIRONNEMENT | FRANCE | Hazardous Waste |
| 03/2025 | LATOUR CAPITAL | SULO | FRANCE | Collection & Recycling |
| 03/2025 | ITELYUM | SPECIALACQUE AND SPECIALSPURGHI | ITALY | Waste Management |
| 02/2025 | IRETI | IREN ACQUA | ITALY | Water |
| 01/2025 | APOLLO GLOBAL MANAGEMENT / BC PARTNERS | GFL Environmental Services Business | CANADA | Hazardous Waste |
| 06/2024 | SECHE ENVIRONNEMENT | ECO CORPORATE ENVIRONMENTAL ENGINEERING (ECO) | SINGAPORE | Hazardous Waste |
| 06/2024 | VEOLIA | ENVIROPACIFIC | AUSTRALIA | Hazardous Waste |
| 09/2023 | TPG | A-GAS | UNITED KINGDOM | Hazardous Waste |
| 09/2023 | EURAZEO | 2B SERVICES & INNOVATIONS | FRANCE | Waste Management |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 100M - 200M EUR
EBITDA range: 10M - 30M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: seche environnement