Omnes Capital has supported Eratome in its buildup strategy with the acquisition of TPM (Travaux Publics et Maintenance), a company specialising in public exterior works
Eratome Group, a specialist in the repair and maintenance of social housing in the Ile-de-France region, continues its buildup strategy with the acquisition of TPM (Travaux Publics et Maintenance). Omnes Capital has supported Eratome since July 2013.
Initially specialised in the full-service renovation of social housing, Eratome acquired DSM in 2012 and then Profil in 2013. These transactions have given the group a foothold in locksmithing and major repairs and maintenance work, mainly in the common parts of social housing developments.
This new acquisition is in line with the Group's strategy of broadening its services for social housing landlords in the Ile-de-France region. Based in Gonesse in the Val d’Oise department (95), TPM specializes in exterior repair and maintenance work (including street maintenance, landscaped areas, masonry and exterior lighting), often as part of an urban redevelopment project.
TPM generated revenues of almost EUR14 million in 2014, which will boost Eratome's revenues to almost EUR40 million.
Jean-Michel Nucera, Chairman and founder of Eratome, says: "Our aim is to pursue our acquisition strategy with a view to achieving EUR150 million in revenue by 2018. In the short-term, we wish to continue developing our range of services for social housing landlords, particularly in waterproofing and rendering."
Benjamin Arm, Head of Buyout & Growth Capital at Omnes Capital, says: "Except for a few major operators, the social housing renovation market in the Ile-de-France region is highly fragmented and ripe for consolidation. We are proud to support Eratome in its market, which offers numerous acquisition opportunities."
