Following the acquisition of Mino & Lorenzini in 2024, the Provost Group is continuing its European expansion with this second acquisition in Switzerland, in the German-speaking part of the country, thus covering the entire country.
/ The Provost Group, a French leader in professional space planning (Workplace solutions) in France for 60 years, has acquired the Swiss company Mega-Stahl, specializing in the sale of storage solutions for locker rooms, lockers, and shelving systems.
/ As a family-owned business, with 85% of the capital held by the Provost family, Provost Group achieves a turnover of 160 million euros and is a French leader in manufacturing storage, handling and workspace solutions.
The company stands out for its expertise and commitment to its clients. Since 1963, its mission has been to equip and organize businesses of all sizes and sectors, with a national presence ensured by its 12 offices.
Its French and European factories serve over 80,000 clients, with a team of 800 employees, including 200 dedicated technicians and sales representatives. It has two subsidiaries in Germany, one in Poland, one in Portugal, one in Belgium, and a design office in Morocco, reinforcing its European market position.
Its products range is extensive: from heavy-duty shelving solutions to freestanding structures and handling equipment. 80% of them are manufactured in its factories. Innovation and quality are at the heart of its approach, with two design offices in France staffed by 20 experts and regular investments in advanced equipment to meet the market’s evolving needs, demonstrating its ongoing commitment to excellence and customer satisfaction.
/ Based in Zurich, Mega-Stahl is renowned for its technical expertise and reliability in the field of storage equipment for cloakrooms, industrial shelving and archival storage systems. With sales of around 1.6 million Swiss francs in 2024, the company’s reach extends throughout the Zurich area.
Historically a subsidiary of the Otto Kind Group, the company was taken over in 2021 by Philip Lehmann and Pascal Eberle, the management team at the time, to embark on a new stage of development for the company. Active in both the public and private sectors, Mega Stahl has established itself as a trusted partner in the hospital, administrative and commercial sectors, building solid relationships with leading regional and national clients. After four years of sustained growth that has made Mega Stahl a benchmark player, its shareholders feel that the time has come to take a new strategic step to accelerate its development with the support of the Provost Group.
/ The Provost Group’s acquisition of Mega Stahl represents a decisive step in strengthening the Group’s geographical presence in Switzerland and Europe. The geographical and product synergies with the group’s Geneva-based subsidiary, Mino & Lorenzini, should make it possible to build a national leader capable of covering the whole of Switzerland in the short to medium term with a wide range of products and services for a diversified customer base.
After establishing a direct presence in Switzerland in 2024 through the acquisition of Mino & Lorenzini, the Provost Group is consolidating its local roots and asserting its position as a benchmark in the sector. For Mega-Stahl and its shareholders, who will continue to steer development alongside the group, this transaction opens up prospects for stronger commercial growth while drawing on Provost’s technical and industrial expertise.
A transaction led by ALTIOS Corporate Finance
Following the successful acquisition of Mino & Lorenzini in April 2024, ALTIOS Corporate Finance’s role was to support the Provost group in its external growth strategy in Switzerland.
The mandate involved several key stages, from identifying companies that were geographically and business-wise complementary to the Provost group, to contacting relevant targets, carrying out a financial analysis of these targets, and finally providing support through to closing, during the negotiation and due diligence coordination phases.
The role of Altios Corporate Finance:
– Screening, market research, identification and qualification of potential acquisition targets in several countries
– Approaching qualified targets
– Coordination of negotiations (LOI, SPA, Pacte, etc.) and due diligence.
/ With the completion of this transaction, ALTIOS Corporate Finance has confirmed its ability to support its clients in strategic cross-border transactions on the European market, particularly in Switzerland.
ALTIOS Corporate Finance confirms its positioning as a buy-side M&A advisor for international small and mid cap acquisitions.
Testimonial of Provost Group
„ After Mino & Lorenzini, the acquisition of Mega-Stahl consolidates our strategic presence in Switzerland. We are aiming for complete national coverage, leveraging the complementary nature of our expertise and the industrial strength of the Provost Group. ”
Franck Monoyez, Provost Group President
Testimonial of Altios Corporate Finance
“We are delighted to have once again supported the Provost Group in this second acquisition in Switzerland, which will enable it to structure its development in the country with a strategic base near Zurich. Complementing the acquisition of Mino & Lorenzini in Geneva, this deal will accelerate growth in the Swiss market and is a key step in the Group’s strategy of building its European network”.
Alistair Le Gras, Senior M&A Analyst
Advisors
Buyer’s advisors:
- M&A: Altios Corporate Finance: Alexandre Kaplan, Alistair Le Gras
- Legal: Castaldi Partners – Gaspare Dori, Dominique Colella, Irene Malusà
Contact Press: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
