The road transport specialist has just acquired TCV Transports & Logistics. This latest move in the transport sector will enable Jacky Perrenot to consolidate its position as market leader in France. Here are some details from the experts at AURIS Finance, a consultancy specialising in mergers and acquisitions.
The Jacky Perrenot Group ended 2023 with a new acquisition. It has snapped up 100% of the capital of TVC Transports & Logistics, a company based in Centre-Val de Loire with a turnover of €10 million.
A self-financed operation
For this acquisition, Jacky Perrenot had the support of EMZ and Siparex, two private equity funds. The presence of these funds enabled Jacky Perrenot to carry out the acquisition using its own capital, i.e. without resorting to external financing. Compared to the rest of the group, TCV Transports & Logistics is a small organisation with just fifteen employees. Jacky Perrenot, on the other hand, employs a total of 10,000 with a turnover of €1 billion at the end of 2022. Founded in 1975, the group quickly specialised in the transport of goods for the mass retail sector. Today, transporting goods for food and non-food supermarkets still accounts for 56% of the group’s business.
Some fifty takeovers in ten years
Jacky Perrenot aims to consolidate its position as leader in the French market and double its turnover by 2025. To achieve this, the group has embarked on an aggressive strategy of inorganic growth by acquiring other specialists in the sector, both in France and abroad. Launched ten years ago, this strategy has enabled Jacky Perrenot to acquire around fifty transport companies. In 2022 alone, the group made four acquisitions, the most impressive of which was undoubtedly that of the Spanish group Tamdis, a specialist in the home delivery of heavy and bulky goods. A leader in the Iberian Peninsula, Tamdis has fifteen sites in southern Europe. These are in addition to the 120 branches already owned by the group in France and those already present in Belgium and Luxembourg. With this acquisition, the group crosses the symbolic milestone of €1 billion in turnover.
A responsible approach
With a fleet of 6,000 vehicles, Jacky Perrenot has embarked on a transition to less polluting vehicles with the aim of reducing its carbon emissions by 30% towards 2030. The transport company, which currently has 18% of alternative energy vehicles in its fleet, is planning to purchase 168 electric trucks. The purchase will go hand in hand with the installation of 90 charging points and will be subsidised by the French Environment and Energy Management Agency (Ademe) to the tune of €10 million. Jacky Perrenot’s ambition is to have 250 electric vehicles by 2025. These vehicles will not just be used in city centres, which are set to become Low Emission Zones (LEZs).
Our experts at your side
Thanks to a strategy of inorganic growth, the Jacky Perrenot Group has expanded its business in France and abroad over the last ten years. This growth has been supported by the presence of two private equity funds. This development strategy has also involved greening the fleet, which has enabled it to conquer new markets. AURIS Finance’s experts are specialised by sector and will support you throughout your acquisition or sale.
