22 December 2020
MBO & Co completes the sale of its stake in Delta Service Location

On December 22nd, 2020, MBO & Co completed the sale of its stake in Delta Service Location to the management team, led by Xavier Denis (CEO), and to a pool of new financial sponsors (SGCP, GENEO, Alliance Entreprendre).

Founded in 1980, DSL is a leading provider of temporary energy and pumping solutions through its national network of 8 branches. The Group’s strategic project aimed at (i) enlarging the addressable market through diversification into adjacent services (e.g. high voltage, groundwater reduction) and extension of the national network and (ii) improving operational efficiency and carbon footprint through significant investments into digital systems and latest generation fleet of materials. The association of MBO & Co with Xavier Denis successfully delivered this initial ambition and was characterised by a proactive growth policy allowing DSL to achieve its initial 5-year plan in just 3 years and to consolidate its market leadership.

 

Eric Dejoie, Chairman of MBO & Co, and Alexandre Chaton, Director, commented “We are delighted to have partnered with Xavier Denis. Under his stewardship, DSL has successfully diversified into the high voltage and tablecloth folding segments to reinforce its national leadership while significantly investing into human capital, IT systems and a latest generation fleet of materials to best prepare the next chapter of growth. We wish Xavier and his team the very best as they embark on a new adventure”.

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