Press release - 22 February 2021
The Laguarigue Group has mandated Largillière Finance to organize the sale of the entire capital and site of PMO to a major industrial player and thus perpetuate the company's activity and its jobs.
PMO, a specialist in secondary metal structures for the building industry, is joining the construction branch of the giant ArcelorMittal.
Founded in 2008 and acquired in 2010 by the Martinique-based family group Laguarigue (€100 million in sales), PMO (Profils Minces Ouest) specializes in the production and distribution of secondary steel structures for the building industry. Its activities, organized around two ranges of metal purlins ("by the kilometer" and "calculated"), make it a privileged partner in the West for construction companies and those involved in the construction of industrial and agricultural buildings.
Despite the health crisis, PMO's business has proved resilient and its 2020 results are excellent, with strong revenue growth.
This acquisition allows ArcelorMittal Construction to strengthen its expertise in the production of steel structures and to anchor its position in the southwest of France with an industrial site of more than 30,000 m² near Toulouse.
Created in 2008, PMO is specialized in the production of secondary metal structures for the building envelope. Located near Toulouse, PMO specializes in cold forming of steel and offers a range of metal purlins by the "kilometer" and "calculated" purlins.
ArcelorMittal is a world leader in steelmaking and mining, with more than 200,000 employees in over 60 countries and sales of nearly €62 billion in 2019. ArcelorMittal Construction is a subsidiary of the group specialized in the design of steel building envelope products (roofs, walls and facades, floors, organic coatings, etc.).
List of Speakers
|Target: Profils Minces Ouest||Lionel de Laguarigue, Michel Bellemare|
|Buyer: ArcelorMittal Construction France|
|M&A Advice-Target: Largillière Finance||Paul Bougnoux, Thomas Bureau|
|Corporate Lawyer-Target: FIDAL||Geoffrey Burrows, Sally-Anne Mc Mahon|
|Corporate Lawyer Buyer: LPA – CGR||Raphaël Chantelot, Delphine Roullier-Pâris|
Michel Bellemare, General Manager of the Laguarigue Group:
"The affiliation with ArcelorMittal Construction France is a great opportunity for PMO to accelerate its growth and to broaden its scope of intervention by relying on ArcelorMittal's subsidiaries and businesses.
The sale process was conducted from start to finish by the Largillière Finance teams with rigor, methodology and a spirit of trust, which made it possible to bring together the conditions necessary for the success of the transaction."
Thomas Bureau, Managing Associate of Largillière Finance:
"We are very pleased and proud to have accompanied the Laguarigue Group throughout the entire capital operation. This sale, conducted in a very rigorous manner with ArcelorMittal's M&A teams, will allow the Laguarigue Group to consolidate its leading position in the French overseas territories and to pursue its development. This transaction confirms the consolidation trend in the sector in which Largillière Finance is strengthening its expertise with several successful transactions in recent months."
With offices in Paris, Lyon, Geneva and Brussels, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.