MCKEE UTILITY CONTRACTORS acquired by MASTEC

Montefiore Investment has signed an agreement to acquire a majority stake in Face Group, replacing Hivest Capital Partners as the lead shareholder. Hivest, which entered the capital in 2021, is exiting after a five-year period during which the group was professionalized and its revenue grew from 250 million EUR to nearly 400 million EUR

QXO, Inc. has finalized a definitive agreement to acquire TopBuild, a maneuver designed to fundamentally accelerate the group’s trajectory toward becoming a multi-category industrial distribution leader

FCDE has entered into exclusive negotiations to acquire a majority equity stake in Groupe Allez, orchestrating the transmission of this nearly centennial independent family business. The transaction is triggered by the upcoming retirement of the current, and aims to ensure managerial continuity under the leadership of the current General Manager who will assume the Presidency

The management team of Snic Technologies organized a tertiary LBO (LBO ter) to regain majority control of the group, facilitating the exit of the previous majority sponsor, Innovafonds. The transaction is backed by a debt package of around EUR100 million, refinanced in mid-2025

Fletcher Building has entered into an agreement to divest its Fletcher Construction division to international group VINCI, as part of a strategic restructuring initiative aimed at refocusing the company on its core building materials manufacturing and distribution operations

Accelerating its expansion into the mission-critical digital infrastructure sector, Dycom Industries has finalized the acquisition of Power Solutions. This strategic move positions the organization as a leading provider of electrical contracting services specifically tailored for the fast-growing data center market in the Mid-Atlantic region

Siparex Entrepreneurs, supported by Bpifrance, acquired a majority stake in Brifer as part of a primary Management Buy-Out (MBO). The transaction allows the founding family to step back from majority control while retaining a minority stake to ensure a smooth transition

VINCI has entered into an agreement to acquire FM Conway, a leading UK-based infrastructure and public works company, as part of a strategic expansion of its operations in the United Kingdom. The transaction encompasses all of FM Conway's activities and aims to integrate the company into VINCI's existing operational platforms in the country

Ardian, the majority shareholder in Syclef since 2020, has orchestrated a GP-led secondary transaction to continue its investment in the company. This deal was structured through a single-asset continuation fund, Ardian Expansion Syclef Continuation Fund, allowing Ardian to retain control while providing a liquidity event for the limited partners of its predecessor fund, Ardian Expansion V

Electrical engineering specialist Groupe Fauché has successfully completed the acquisition of Sylpa, an Île-de-France-based peer, following a highly competitive, industrials-only auction process advised by Investec