Photo: Accès Industrie
French rental company Accès Industrie is being sold by its private equity investment owner Equistone Partners Europe.
Equistone is selling its stake to France-based investor Delmas Investissements & Participations (DIP), a former shareholder of Caterpillar equipment distributor JA Delmas in West Africa.
Under the ownership of Equistone, which has owned a majority stake in the company since 2020, Accès Industrie revenues have grown from €90m in 2020 to €140m in 2023.
The company also made its first entry into the Spanish market with the purchase of Uping, while also acquiring France-based industrial equipment supplier Watine Manutention in October 2023.
At the same time, the company has added more than 200 employees and a number of depots in France, bringing the total number in its native country to more than 30. Equistone said it has also initiated plans to open a number of new depots in Spain in the future.
Meanwhile, Bordeaux-based DIP is a family-owned company that is active in the energy, handling, lifting, and transport sectors. It sold its shares in JA Delmas in December 2022.
Hervé Delmas, chairman, Delmas, said Accès Industrie has been a long-term target for the company, “We congratulate the management team and Equistone for the superb growth Accès Industrie has achieved in recent years.
“We are very happy to become, alongside regional investors, the new long-term shareholders of this high-performing company and, together with the management team, intend to consolidate its strong regional roots, DNA and brand, while pursuing its broader national and international development.”
Grégoire Châtillon, senior partner, and Jérémy Mathis, investment director, Equistone, said, “The partnership with Accès Industrie has been a very successful journey driven by an outstanding management team.
“The company has delivered an impressive performance, growing considerably both organically and through acquisitions, and we are convinced that Accès Industrie is ideally positioned to continue its growth story in France and in Europe.”