PE-backed Groupe Blondel buys Transports Regis Martelet

The historical backers of Blondel – Picardie Investissement and BPI France since 2015, and CM-CIC Investissement since 2017 – reinvested in the business, according to a statement.

As a result of the bolt-on, Blondel will now generate €240m in revenues and employ 2,300 people.

Company
Founded in 1956 and headquartered in Dijon, transportation and logistics service Transports Regis Martelet generates a €38m turnover. It employs 250 people. The company has developed an e-commerce activity, which Blondel intends to develop.

People
CM-CIC Investissement – Mathieu Sollet (investment director).

Advisers
Equity – Ducellier Avocat (legal); Mazars (corporate finance); Lamartine (legal).

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• Topics
• Expansion
• France
• Industrials
• France
• BPI France
• Credit Mutuel Equity (ex CM-CIC Investissement)
• Build-up