M&A

GROUPE TDS (TRANSPORTS DEPLACEMENTS SERVICES)

Name: mynth M&A Transaction Multiples Database
Creator: mynth
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Acquired by

GROUPE BERTO

FRANCE Industrial Services REV [1m EUR - 100m EUR] 06/2019

GROUPE TDS (TRANSPORTS DEPLACEMENTS SERVICES) acquired by GROUPE BERTO

FRANCE Industrial Services REV [1m EUR - 100m EUR] 06/2019

Target

GROUPE TDS (TRANSPORTS DEPLACEMENTS SERVICES)

Acquirer

GROUPE BERTO

Context

Groupe Berto acquired 100% of the six operational companies comprising Groupe TDS. This acquisition is one of the largest in Berto's history, allowing it to integrate a competitor with a very similar business model. The deal adds EUR43 million in revenue (representing ~15% inorganic growth) and 700 vehicles to Berto's fleet. It reinforces Berto's presence in strategic regions where TDS was well-established and consolidates its dominance in the specialized "rental with driver" market.

This transaction is part of the Business Services industry, which currently tracks an average EBITDA multiple of 11.1x since the beginning of 2026, 0.8% increase compared to 2025. 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

Groupe TDS is a French family-owned group specialized in the long-term rental of Corporate vehicles (VI), offering both "dry lease" (vehicle only) and "wet lease" (vehicle + driver). Operating through six subsidiaries, TDS serves clients in the construction, environment, and Corporate sectors. At the time of the acquisition, the group managed a fleet of 700 vehicles and had a strong regional footprint in key economic hubs (Nantes, Lyon, Antony, Sarcelles), generating EUR43 million in revenue.

Ent. Value

Equity Value

Multiples Analysis

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

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2018

2017

Other operations with GROUPE TDS (TRANSPORTS DEPLACEMENTS SERVICES)

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