The Uperio group, specialist in rental, distribution and services of tower cranes, announces the plan to modify its shareholding structure. The LFPI group, associated with the Belgian entities Sofina and Gigarant, alongside management, had control of the company since 2019, resulting from the merger of Matebat in France and Arcomet in Belgium. An agreement was signed on June 2nd, 2021 to sell all company shares to TowerBrook Capital Partners, the transatlantic investment fund.
“After several years of ownership and construction of Uperio, we are proud to have contributed to the development of two national groups, through organic and external growth, to make them becoming a world leader, supplier of premium solutions and equipment for construction sites. Today, we are pleased to have reached an agreement for its sale to this new shareholder, which will allow the continued deployment of the global strategy driven by high-quality management,” said Fabien Bismuth of LFPI Gestion.
”Today we are opening a new chapter in the history of the group with this shareholder transition. The entire Uperio team would like to thank LFPI, Sofina and Gigarant for their support in the various stages of building our business. The arrival of TowerBrook in our capital allows us to aim for new ambitions, internationally and in other sectors of activity related to our basic product, the Tower Cranes,” comments Philippe Cohet, President of Uperio.
The transaction will be subject to the approval of the relevant authorities and is expected to be finalized during the summer.