European mid-market private equity investor Equistone Partners Europe (Equistone), is to sell Acces Industrie (Acces), an independent rental specialist of mobile aerial work platforms and handling equipment, to Delmas Investissements & Participations, a French family investment group.
Equistone acquired a majority stake in Acces, which is based in Bordeaux and active in the energy, handing, lifting and transport sectors, in 2020. Since then, Equistone has worked closely with Acces’ leadership to support its strategic focus on end markets that benefit from macro trends such as the global energy transition, e-commerce and infrastructure.
Under Equistone’s ownership, Acces’ presence has successfully expanded domestically, with the acquisition of Watine Manutention in October 2023 leading to the opening of a number of strategically positioned depots across France
Equistone has also supported Acces with its entry into the Spanish market, via the acquisition of Uping in 2022. A number of new depots are currently in the process of being opened in Spain, while the group has also expanded its offering at each of its existing depots in order to meet changing customer demand in fast-growing sectors.
Consequently, Acces has grown its headcount from 445 to 650 people, while revenue has grown from €90m in 2020 to €140m in 2023.
