CAPZA supports Eurofeu in its external growth
The Eurofeu Group announces the acquisition of Isogard, the 4th largest French player in fire safety. This is Eurofeu’s fourth external growth operation since CAPZA became majority shareholder.
Founded in 1972 and directed by Eric Hentgès, the Eurofeu Group produces, sells and maintains fire safety equipment, in particular fire extinguishers, emergency units as well as fire detection and smoke extraction systems.
Eurofeu is France’s leading producer of fire extinguishers and employs 1,200 people across its two production sites and its national network of 44 agencies. With a turnover of more than 120 million euros in 2021, the Group serves nearly 90,000 customers and maintains an installed base of 2.8 million fire safety devices.
Effective 17 December, 2021, the Isogard business of Johnson Controls, a global leader in smart, healthy and sustainable buildings, was acquired by Eurofeu. Founded in 1973, Isogard specializes in the sale and maintenance of fire extinguishers for a clientele mainly made up of SMEs and small administrations. The company operates on the whole French territory.
The acquisition of Isogard will give Eurofeu the opportunity to strengthen its territorial coverage and its teams, and to acquire a new client base that will benefit from its entire range of fire safety products and services. The Group also aims to reinternalize in France, on its Senonches site (Eure-et-Loir), the production of extinguishers distributed by Isogard.
As a majority shareholder of Eurofeu since July 2020, CAPZA has supported the Group in this external growth operation. This is the 4th acquisition since CAPZA took a stake in Eurofeu, after Vendée Protection Incendie, PCI and Loire Incendie Sécurité.
“We are proud to support Eurofeu in this structuring external growth operation. The latter is fully in line with the Group’s strategy and its goal to accelerate the consolidation of the fire safety market.” – Fabien Bernez, Flex Equity Partner, CAPZA.
“We are delighted to welcome the Isogard teams, whose DNA is very similar to that of Eurofeu. Pooling our expertise and resources will allow us to improve the quality of service we provide to our customers.” – Eric Hentgès, President of Eurofeu.
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