A transaction supporting the creation of a rapidly growing HVAC platform in Poland and strengthening SYCLEF’s European development
- ALTIOS Corporate Finance advised SYCLEF on its strategic investment in PHI (Polski Holding Instalacyjny PSA), a Polish group specialised in HVAC (heating, ventilation and air conditioning) installations.
- Through the continued expansion of its operating entities, REXER, REXER Design, REXER Service and Clima Komfort, PHI is one of the leading HVAC platforms in Poland. It designs, installs and maintains complex HVAC systems for a wide range of industrial and commercial clients.
- With this investment, PHI welcomes an experienced strategic partner with a strong track record in supporting the development of refrigeration and HVAC experts that are firmly established in their regional markets.
- SYCLEF is an international network of companies specialised in commercial refrigeration, industrial refrigeration and HVAC systems, federating highly skilled technical champions across Europe and beyond. The group designs, installs and maintains tailor-made, sustainable and high-performance technical solutions for various B2B sectors. Today, the network comprises 68 operating companies, over 134 locations and 3400 employees, delivering engineering, installation and maintenance services to sectors such as food retail, logistics and industry. Through its federative model, SYCLEF combines strong local expertise with the scale, resources and strategic vision of an international group.
- SYCLEF has been pursuing an ambitious development strategy across Europe aimed at building a leading federative network in B2B refrigeration and HVAC services. Through targeted operations and the integration of highly regarded champions, SYCLEF continues to strengthen its geographic footprint, foster its technical capabilities and accelerate its growth in key European markets.
A transaction led by ALTIOS Corporate Finance
- ALTIOS Corporate Finance advised and supported SYCLEF in the implementation of its external growth strategy, covering target identification, strategic positioning analysis and transaction execution.
With the completion of this transaction, ALTIOS Corporate Finance confirms its expertise in complex cross-border buy-side transactions and reinforces its positioning as a leading advisor for international small and mid-cap M&A operations.
Client Testimonial — SYCLEF
“Partnering with PHI represents an important milestone in SYCLEF’s development strategy in Central Europe. PHI’s strong technical expertise, high-quality operating subsidiaries and entrepreneurial culture make it an ideal platform to support our growth ambitions in the Polish HVAC market. We would like to thank the ALTIOS team for identifying this opportunity and for their strong commitment, strategic insight and execution throughout the transaction process.”
Guillaume Burvingt
International Director, SYCLEF
ALTIOS Corporate Finance Testimonial
“We are proud to have accompanied SYCLEF in the execution of its external growth strategy and in the development of a leading HVAC platform in Poland. This transaction illustrates ALTIOS Corporate Finance’s ability to support ambitious clients in complex cross-border buy-side transactions.”
Alexandre KAPLAN
M&A Director and Partner — ALTIOS
Advisors
Buyer’s advisors:
M&A: Altios Corporate Finance – Alexandre Kaplan, Magdalena Fraile and Camille Garbolino
Legal: Kochański & Partners – Paweł Cholewiński, Natalia Kotłowska-Wochna, Adam Czarnota, Weronika Duchnowska
Financial and tax: Ernst & Young – Radosław Wala, Katarzyna Rudiak, Sebastian Ickiewicz
Seller’s advisors:
M&A: JP Weber – Piotr Dalak, Jakub Żmuda
Legal: JP Weber M&A Legal Team – Izabela Janiszewska, Aleksandra Polakowska
Contact Press: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
