VAC - HARDOUIN-LOC acquired by OUEST CROISSANCE
Context
The founding Verite family reorganized the capital of VAC by bringing in two financial partners, Ouest Croissance and Trocadero CP. The objective was to support VAC's national deployment (new branches in Lyon, Nantes, Toulouse) and professionalize its environmental strategy (ISO certifications).
VAC - HARDOUIN-LOC, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Business Services sector (11.4x).
-> Deep-dive in Business Services market trends
Target
A specialized player in the rental and associated services of mobile and autonomous site living bases (cantonnements). Operating under the VAC brand, the company serves major construction groups (Grands Comptes) with a premium and eco-responsible positioning (solar-powered units, water recycling).
Ent. Value
€10–30M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
10x–18x
Historical Financials (EUR)
Similar deals in Industrial Services
Similar deals in Industrial Services
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2020 | APPLUS+ GROUP | QPS EVALUATION SERVICES | CANADA | TIC (Testing, Inspection, Certification) |
| 12/2020 | SGS | SYNLAB ANALYTICS | GERMANY | TIC (Testing, Inspection, Certification) |
| 11/2020 | APPLUS+ GROUP | BESIKTA BILPROVNING | SWEDEN | TIC (Testing, Inspection, Certification) |
| 09/2020 | APPLUS+ GROUP | RELIABLE ANALYSIS | CHINA | TIC (Testing, Inspection, Certification) |
| 09/2020 | EURAZEO / FCDE (FONDS DE CONSOLIDATION ET DE DEVELOPPEMENT DES ENTREPRISES) | UTAC CERAM | FRANCE | TIC (Testing, Inspection, Certification) |
| 07/2020 | PORTOBELLO CAPITAL | AGQ LABS | SPAIN | TIC (Testing, Inspection, Certification) |
| 07/2020 | XEBEC | AIR FLOW | UNITED STATES | Industrial & Technical Distribution |
| 06/2020 | ASTORG | NORMEC | NETHERLANDS | TIC (Testing, Inspection, Certification) |
| 04/2020 | CINVEN / ASTORG | LGC GROUP | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
| 02/2020 | KILOUTOU | LOCAMODUL | FRANCE | Equipment Rental |
Other operations with OUEST CROISSANCE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2025 | OUEST CROISSANCE / MULTICROISSANCE / OCÉAN PARTICIPATIONS | EASY CASH | FRANCE | Second-hand Goods |
| 09/2024 | OUEST CROISSANCE / BPIFRANCE | TEXELIS | FRANCE | Heavy Duty & Special Vehicles |
| 09/2018 | OUEST CROISSANCE | LES VEDETTES DE PARIS | FRANCE | Marine Passenger |
| 10/2017 | OUEST CROISSANCE | EASY CASH | FRANCE | Second-hand Goods |
REFERENCES
Valuation range: EV €10–30M
Revenue range: €5–25M
EBITDA range: €0–5M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of VAC - HARDOUIN-LOC by OUEST CROISSANCE 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: ouest croissance