Case study
Evariste: from a small business to a multi-specialist utility services group
Montefiore invested in 2014, alongside Raphaël Mucci, the Chairman of Evariste, then a regional player specializing in the maintenance of local authority assets: green spaces, roads, networks.
Sector: Business Services
Support: 2014-2021
Shareholding: Minority
Key figures
Intensive organic growth strategy
With Montefiore, Evariste has deployed a particularly dynamic external growth strategy. During our support, a total of 32 acquisitions were made on excellent financial terms.
The result was the acquisition of new expertise and the development of new activities, such as industrial cleaning and temporary employment for the construction industry, in new territories, marking a major turning point for the group.
”The different team members I've come to know have different styles and personalities, but all share the rigor and strategic vision of the historic partners.
Raphaël MucciCEO of Evariste
Successful integration of acquired companies
Another success factor has been the successful integration of acquired companies, reflected in a significant increase in sales and EBITDA. This is due in particular to the maximization of commercial synergies and the diversification of our offering through multi-sector solutions. At the same time, we paid particular attention to creating the conditions for sustained organic growth across our entire scope of operations. All these results testify to the relevance of our acquisition choices, as well as to the effectiveness of our integration and management strategies.
Improving business model resilience
A singular effort was also made to improve the resilience of Evariste’s business model. The company’s financial stability has been strengthened thanks to a significant increase in the proportion of recurring revenues. Consolidation has also taken place on a geographical level: initially limited to a regional activity, Evariste has now acquired a national dimension. Growth accompanied by strategic diversification of its customer base, notably by increasing the proportion of private customers. At the same time, a significant effort was made to strengthen the company’s management, with the aim of aligning internal leadership capabilities with the new strategic ambitions.
