MBO Partenaires, alongside two co-investors, Amundi PEF and Arkéa Capital, have acquired Groupe LT from the founders – Jean-Claude Bel and Didier Brunelin – as well as the minority financial partners, BNP Paribas Développement, Société Générale Capital Partenaires and Ouest Croissance, which took an equity stake in 2015.
Founded in 2000 and operating in Aquitaine, Ile-de-France and Champagne-Ardenne, Groupe LT specialises in rental equipment for construction sites and is organised around two core fields of activity:
- The leasing of trucks and construction machines with or without operators, which is the core activity of the group through its subsidiaries San Martin, STC, Chambault and Européenne de Location
- The leasing of construction equipment (signalling and safety equipment, leasing of modular solutions and portable toilets) via its companies Caupamat, Delvaux and Rabotin
The company employs 350 people and generated €45m in revenues in 2017 with an EBITDA margin of more than 25%.
After a successful transition period between the historic founders and the manager, Eric Van Acker, Groupe LT now enters a new phase of development. The expansion follows growth in modular solutions activity and the strengthening of its construction equipment activities. Both offer high added-value in terms of service, especially in a global outsourcing context demonstrated by key players in the construction industry.
The Clearwater International team was composed of Philippe Croppi, Julien Choppin, Marie Cassola, Laurence de Rosamel, Paul Assaël and Léa Joly.
Xavier de Prévoisin, Partner, MBO Partenaires commented: “The pursuit of excellence in terms of service quality in a world where reliability, security and responsiveness are essential, is one of the key factors of LT success. We are convinced of the group’s development potential, backed by a high-quality executive, and are very pleased with the new chapter that is opening up for the company and its team.”
Eric van Acker, President, Groupe LT added: “I am very happy to count on MBO Partenaires and its team to continue the adventure started in 2000. Our project is ambitious but the management team and I are convinced that we will be well supported in this new chapter of the Groupe LT life.”