25.02.2020

Another owner for Accès Industrie

Equistone Partners Europe has purchased a majority stake in French rental company Accès Industrie, from Parquest Capital, with the aim of enabling the existing management team, led by Eric Lacombe and Pascal Meynard, to accelerate its growth strategy. The deal will also provide an opportunity for the management and employees to purchase shares in the business.
Based in Tonneins and Bordeaux, Access Industrie operates a fleet of more than 7,700 machines from a network of 35 branches across France. Since Parquest acquired the business revenues have increased from €53 million in 2016 to €91 million last year. See: new owner for Access Industrie
Pierre Decré of Parquest Capital said: "We are proud to have accompanied the group in a key and transformative phase of its history. The high quality collaborative approach between our team and the management team has accelerated the development of Accès Industrie. We are convinced that this team possesses all the necessary means to guide the Group to new heights."

Eric Lacombe added: "This is a very important step, which allows us to give ourselves additional time and resources to continue to deploy our growth strategy.”

Pascal Meynard said: "The momentum started with Parquest is only the beginning. We and our employees are invested and united around a corporate culture that is itself at the service of performance and growth."
Grégoire Châtillon and Grégoire Schlumberger of Equistone added: "We have been impressed by the development of Accès group over the last few years. This solid growth has been made possible by the quality of its management and teams, a strong corporate culture and a differentiating positioning in a thriving market. We are committed to supporting this strong dynamic by seizing the Group's development opportunities for both organic and external growth.”