LOCANET acquired by SOLOMAT LOCATION
Context
Solomat, a family-owned company renting construction and public works equipment, acquired Locanet, the Vitry-en-Artois-based specialist in renting and selling site huts, modular welfare units, sanitary blocks, site trailers and containers, in a deal concluded in March 2022. Locanet had already changed hands once within its founding family, passing from Léon Parmentier to his daughter Catherine Steward, who had run it since 1990. As she approached retirement, she had considered a handover to her son Alexandre before choosing to sell to another family business that shared her values. For Solomat, the purchase opened a new region, the north of France, and extended its rental offer beyond public works machinery into temporary site facilities. At the time of the deal, Locanet had a fleet of more than 1,000 bungalows and containers, its own trucks fitted with 30- and 40-tonne auxiliary cranes and a 2,000 sq m workshop for refurbishing its equipment. Locanet continued to operate as a Solomat subsidiary and later opened a new branch in Etigny, in Burgundy.
LOCANET, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of below 5x, a level significantly lower than the average currently observed in the Business Services sector (11.4x).
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Target
Founded in 1972 by Léon Parmentier and based in Vitry-en-Artois, in the Pas-de-Calais, Locanet rents and sells temporary site facilities in northern France, including site huts, modular welfare units, sanitary blocks and chemical toilets, site trailers and shipping containers. Its customers are mainly construction and public works contractors equipping their worksites, along with organisers of events that need temporary facilities. The company delivers and installs its units with its own trucks fitted with auxiliary cranes, and refurbishes and prepares the equipment in its own workshop between rentals.
Ent. Value
€0–15M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
below 5x
EV / EBIT
5x–12x
Historical Financials (EUR)
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Other operations with SOLOMAT LOCATION
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|---|---|---|---|---|
| 01/2023 | SOLOMAT LOCATION | TERMALOC | FRANCE | Equipment Rental |
REFERENCES
Valuation range: EV €0–15M
Revenue range: €0–5M
EBITDA range: €0–5M
EV/Revenue range: 1x - 3x
EV/EBITDA range: below 5x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LOCANET by SOLOMAT LOCATION 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: solomat location