SAVELYS acquired by LATOUR CAPITAL
Context
Latour Capital has completed the acquisition of ENGIE's Home Services business through a corporate carve-out that re-establishes the company as an independent business operating under its historic Savelys brand. The transaction supports ENGIE's strategic portfolio refocusing while providing the carved-out business with the ownership structure, governance and operational autonomy required to pursue its next phase of development. The acquisition is financed through a combination of equity and senior debt, enabling Savelys to operate as a standalone platform with dedicated resources and decision-making capabilities. Under Latour Capital's ownership, the company is expected to accelerate its operational transformation, strengthen its commercial momentum and implement strategic initiatives designed to support long-term growth. The new ownership structure also provides the flexibility to pursue organisational improvements and invest in future development opportunities as an independent business. The transaction is fully aligned with Latour Capital's longstanding expertise in executing complex carve-out investments, where businesses separated from large corporate groups are supported in establishing independent operating models and unlocking their full growth potential. Building on its experience in similar transactions, the firm intends to leverage its operational capabilities to support Savelys throughout its transformation while benefiting from the long-term structural trends driving energy renovation and the adoption of low-carbon heating solutions. Completion of the carve-out marks the beginning of a new chapter focused on operational excellence, sustainable growth and long-term value creation.
SAVELYS, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN.
Note that 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.
Target
Savelys, formerly Engie Home Services, provides installation and maintenance of individual heating and air‑conditioning systems across France. The company designs, supplies and services boilers, heat pumps, air‑conditioners and related control units for private households, social‑housing landlords, condominium managers and small‑to‑medium commercial premises. Its revenue model combines project‑based installation fees with long‑term service contracts that generate recurring income from periodic inspections, repairs and component replacements. Established in 2000 and integrated into Engie in 2016, the business was spun off in 2026 and reverted to its historic brand. Operations are organized through approximately 170 regional agencies and 17 specialized subsidiaries, enabling rapid deployment of technicians to perform an average of 14 000 field interventions daily. The workforce totals about 4 500 employees, including roughly 3 000 field technicians trained in HVAC diagnostics, retro‑fitting and regulatory compliance. Savelys manages close to 1.6 million equipment units under contract, providing remote monitoring and performance optimisation services. The firm leverages a nationwide logistics network to stock spare parts and ensure compliance with French energy‑efficiency standards, positioning it to benefit from the ongoing residential building renovation programme and the national push for low‑carbon heating solutions such as heat pumps. Its product range also covers condensing gas boilers, electric resistance heaters and hybrid units that combine renewable electricity with traditional fuels, allowing customers to meet French energy‑performance standards while reducing carbon emissions.
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Historical Financials (EUR)
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REFERENCES
Revenue range: 450M - 900M EUR
EBITDA range: 25M - 50M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: savelys
Acquirer: latour capital