Groupe inov-On has sold CHRONO Flex to Groupe Monnoyeur
CHRONO Flex is the French leader in 24/7 on-site hydraulic hose repair, offering a comprehensive range of solutions including preventive maintenance and complementary services. Over the past decade, CHRONO Flex has operated through an efficient and differentiating collaborative organization inspired by the liberated company’s principles and nurtured by strong core values.
With the largest fleet of vehicles in the market, the group performs over 110,000 interventions per year across the French territory, ensuring best-in-class average response time. The group serves a well-diversified portfolio of over 12,000 clients, ranging from small- to medium-sized enterprises to large industrials groups across various end markets, such as civil works, equipment rental, material handling and environment and waste.
As a leading European equipment distributor and service provider for construction, energy, agriculture and material handling, Groupe Monnoyeur will implement substantial synergies with CHRONO Flex and enable its international development.
Alexandre Gérard, President of inov-On, commented, “Groupe Monnoyeur’s historical family values are fully in line with those we have held for many years. Its strong presence in the French market and its international presence open up exciting new horizons for CHRONO Flex.”
Arnaud Dudognon, Managing Director at Lincoln International, added, “Groupe Monnoyeur managed to stand out from a sharp competition during this process as it combined an attractive deal structure to an exciting project fitting CHRONO Flex’s specific culture.”
Lincoln acted as the exclusive sell-side advisor to CHRONO Flex’s shareholders and management throughout the sale process, providing advisory expertise and supporting the negotiation in the transaction.
The Lincoln team has demonstrated great ingenuity in positioning CHRONO Flex’s unique culture, its philosophy as a liberated company and its collaborative organization, which has been a key success factor to this transaction in a context where corporate social responsibility requirements become critical both for financial and strategic investors.
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