Acquisition of heating specialist FLANDRES ARTOIS: a seamless transition
04/06/2019
FLANDRES ARTOIS, a recognized heating specialist, primarily works for social landlords, private developers, and retirement homes.
The company FLANDRES ARTOIS has significantly grown in recent years under the leadership of Jean-François Etienne, who took over the company in 2004 when its revenue was approximately €3 million, and increased it to over €5 million in the last fiscal year. Naturally, the company’s workforce has also grown noticeably, with nearly 40 employees as of the latest count.
Upon his retirement, Jean-François Etienne wished to ensure the company’s continuity by passing the torch to an experienced leadership duo: Samuel Skrzypczak and Christophe Picard (both also partners and managers of EGT (Valenciennes; a company specialized in office and retail space fit-outs) and CARLIER (Dainville; a company specialized in roofing, waterproofing, and asbestos removal)).
Samuel Skrzypczak and Christophe Picard aim to continue the work accomplished by Jean-François Etienne in recent years, that is: to grow the business while preserving the spirit and values of FLANDRES ARTOIS.
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Buy-side advisors:
- M&A: Septentrion Finance (Guillaume Dubois, Marine Sauvage)
- Legal: Hepta Conseil (Jean-Louis Sudara, Noémie Jager)
- Due diligences: BDL (Isabelle Taranne)
Sell-side adviros:
- Legal: Euraconseil (Thierry Wemaere)