Renovio Accelerates Its Development with Two Strategic Acquisitions in the Southwest

These transactions are part of Renovio’s development strategy as an investment platform dedicated to the renovation and maintenance of the building stock, which is accelerating its pace of acquisitions in order to structure a historically highly fragmented market. The sector comprises nearly 30,000 companies generating more than one million euros in revenue across France.

By drawing on the local know-how, identity and territorial roots of the companies it backs, Renovio aims to position itself as a national benchmark player, based on a decentralized growth model that respects the companies’ artisanal DNA and client proximity, while providing owners with structural support in organization, development and succession planning.

Fonteyraud and Oliver: two local businesses at the heart of Renovio’s regional network

Founded in 1971 and based in Cadillac-sur-Garonne, between Bordeaux and Langon, Fonteyraud is a family business specializing in plumbing and heating and air-conditioning solutions. Led by Franck Fonteyraud, the founder’s son, it generates revenue of €1.1 million and employs 8 people. More than 80% of its business is dedicated to renovation work, serving a diverse client base of more than 3,000 customers, both individuals and professionals (public institutions, cultural sites, wine estates, shops and business premises).

Under the transaction, Franck Fonteyraud remains at the head of the company, now as director of the Fonteyraud agency within Renovio. His son, Luc Fonteyraud, also continues to support the company’s development within the group.

Based on the outskirts of Dax, Oliver, founded in 2015, employs around thirteen people and generates revenue of €2.5 million. It also operates in plumbing, general electrical work, and heating and air-conditioning solutions. Its integration allows Renovio to strengthen its territorial network in the Southwest and consolidate its presence in an area with strong potential for building renovation and maintenance.

According to Philippe Beauregard, Partner at Altaïr Avocats: “These transactions illustrate the consolidation dynamic under way in the building renovation and maintenance sector, as well as the importance of fine-tuned legal support capable of securing repeated transactions while respecting the identity and balance of the companies being integrated”.

Altaïr Avocats, legal partner for the transaction

Altaïr Avocats deployed its M&A and corporate law expertise to secure the transaction and optimize its legal and tax structuring.

Corporate : Philippe Beauregard, Partner, Jeanne Mucchielli, Partner and Margaux Fournex, Associate

Relations commerciales : Christophe Héry, Partner, Jade Mignucci, Associate

External advice :

Audit : BDO Transaction Services – Guillaume Buscaglia, Yann Lunven

Employment : Ogletree Deakins – Anne-Sophie Cepoi-Demouzon, Audrey Seviran

Advisers to the sellers:

M&A : Cairus – Nicolas Barrouillet, directeur M&A

Legal : Cabinet IXIS – Xavier Sennès, avocat associé et Manon SERRUS, avocate collaboratrice