Elaïs Orium, Capital Export and Argos Wityu have sold France Elévateur to Time Manufacturing Company, a portfolio company of H.I.G. Capital
Founded in 1984 and headquartered in Flavigny-sur-Moselle, France, France Elévateur is a leading European manufacturer of a range of vehicle-mounted aerial platforms for customers in various trades including public lighting, electric utility, roofing, telecommunications, rail networks and other fields requiring access solutions. The company operates two manufacturing sites in France and Spain and a key proprietary network of 15 service facilities.
France Elévateur management, supported by its lead financial investor, Elaïs Orium, put the company on a solid profitable growth path, which is founded on constant product innovation, operating excellence and international expansion.
France Elévateur has been acquired by Time Manufacturing Company, a United States-based competitor which is a portfolio company of H.I.G. Capital. Time Manufacturing operates in Europe through its Versalift and Ruthmann brands and the acquisition of France Elévateur will strongly enhance Time Manufacturing’s European operations, particularly in the utility and telecom end markets.
Guillaume Suizdak, Managing Director in Lincoln’s Paris office, commented, “We are thrilled to have advised France Elévateur’s shareholders and its management team, led by Chief Executive Officer Charles Goffin, on this cross-border sector consolidation transaction. France Elévateur has built an incredibly strong business and holds a leadership position in Europe, which is highly complementary to Time Manufacturing’s suite of aerial lifts. We look forward to seeing the continued success of Time Manufacturing — its global leadership position is materially strengthened by France Elévateur’s acquisition, under H.I.G.’s stewardship.”
We were impressed with Lincoln’s sector expertise, bringing unique international buyer access and insight, which, combined with its thorough command of the financial investor universe, delivered a competitive dual-track sale process. Lincoln’s dedication to quality service and process momentum was instrumental in this successful divestment for France Elévateur’s shareholders.
Meet our Senior Team
View More Transactions in Industrials
Lincoln International has advised The Jordan Company on the sale of Watchfire to H.I.G. Capital
Lincoln International has advised SABCA on strategy and partnership options for its Unmanned Aerial Systems business
Lincoln International has advised Hitachi Industrial Equipment Systems on acquisition of Telesis Technologies
Lincoln International has advised Aksia Group on raising financing for the acquisition of Gommatex Spalmati with financing provided by Credit Agricole, Banca Ifis and Banco BPM
Lincoln International has advised Delos Capital on the sale of FCA Packaging to Wynnchurch Capital
Lincoln International has advised Highlander Partners on the sale of QTI Fibers to Norwest Equity Partners
Lincoln International has advised Watermill Group on the sale of Tenere to CGI Manufacturing Holdings, a portfolio company of CORE Industrial Partners.
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.