SOFILEC raised €5 million from regional investment funds to accelerate its growth and expand its agency network in the French rental equipment market.
Target Company Overview
SOFILEC is a specialized regional provider of both short and long-term rental solutions for equipment and vehicles. Additionally, it offers technical inspections of equipment and electrical installations on construction sites. Established in 1997, SOFILEC employs over 150 staff members and has experienced substantial growth in its operations over the past five years.
The SOFILEC group consists of several arms, including LOC+, which focuses on equipment rental for construction and maintenance of exterior spaces, APEX, which offers utility and specialty vehicle rentals, and COVETCH, a subsidiary active in the security market. Under the leadership of an experienced management team, SOFILEC has developed a network of 18 agencies and operates a fleet of over 3,000 machines and 700 vehicles. The company is distinguished by its commitment to local service and the unwavering dedication of its teams to meet client needs.
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Industry Overview in France
The equipment rental industry in France has shown resilience, particularly in the wake of economic fluctuations. With increasing demands for construction and infrastructural development, the need for rental services has
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SOFILEC
invested in
SOFILEC
in 2020
in a Other VC deal
Disclosed details
Transaction Size: $6M