We have advised the shareholders of SPTMI, a French B2B metal and woodwork services provider, on the sale of a minority stake to IXO Private Equity to accelerate its growth.
Founded in 1948 and headquartered in Marseille, SPTMI is a French B2B Group specialised in metal and woodwork services, enjoying a leading position in Southern France.
SPTMI's main activity consists of offering building works, maintenance and services in the sphere of interior and exterior joinery and locksmithing, to local authorities including aomng other schools, hospitals, and administrative offices. Leveraging on its expertise in wood and metalworking, the company is also active in the industrial field, offering engineering and installation services for production lines, and in the marine business through the design and fitting out of living quarters on civil or military vessels.
Since its takeover in 2013 by current CEO Eric Métoïs, the Group has enjoyed strong growth, with an average annual sales growth of 10%. It plans to reach €30m in sales by 2024.
The acquisition by IXO Private Equity of a minority stake in SPTMI will help the Group accelerate organic growth and targeted acquisitions.
