Septentrion Finance has advised the Decamps and Setin Groups
14/01/2022
The Trenois Groups Decamps and Setin, led respectively by the Allard and Setin families, specialize in the distribution of hardware equipment for building professionals. The partnership acquires Ets Salentey, marking a strategic diversification by entering the electrical equipment distribution sector.
With over 80 years of experience, Ets Salentey is a specialized player in the distribution of electrical equipment to craftsmen, industrial companies, and public institutions.
Based in Beauvais, Ets Salentey operates a network of 5 branches across the Picardy region, northern Paris area, and Pas-de-Calais, employing more than 70 people. The company generates revenue exceeding €20 million.
Ets Salentey is a founding member of the Socoda network, France’s leading independent professional distribution network for the Building and Industry sectors. The Group offers a wide range of over 350,000 references sourced from the best suppliers in the market.
Raymond Salentey, founding CEO of Ets Salentey, initiated a competitive process to identify and select a buyer capable of sustaining and developing the company. After several months of discussions, the Allard and Setin families convinced him of their ability to preserve Ets Salentey’s unique DNA and their commitment to expanding the company’s expertise on a national scale.
The transaction was completed on December 22, 2021.
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Buy-side advisors:
- M&A: Septentrion Finance (Guillaume Dubois, Gautier Samain, Pierre-Henry Martin)
- Legal: Theret & Associés (Edouard Theret, Chloé de Grieck)
Sell-side advisors:
- M&A: Capstone Finance (Thaddée Willart, Julien Joos)
- Legal: Walter Billet Avocats (Fabien Billet, Elodie Vardon, Christophe Cussaguet)