Press release - 27 February 2025
JP MANGEANT, a regional leader in the installation of heating, ventilation, air-conditioning (HVAC) and plumbing solutions, today announced that it has joined Compagnie Financière Armoricaine, a company specializing in the construction of new housing, student residences and services. This transaction was carried out with the support of Largillière Finance, and will create a major player in the Grand-Ouest region.
Founded in 1980 by Jean-Pierre Mangeant and managed since 2010 by his son, Stéphane Mangeant, the company specializes in the installation of HVAC and plumbing solutions for new-build projects. JP MANGEANT is based in Pocé-sur-Cisse near Tours (37) and in Nantes (44), and carries out large-scale projects in the Pays de la Loire region, ranging from 50 to 250 homes, for renowned property developers such as Nexity, Kaufman & Broad and Edouard Denis. With a solid order book of 28 projects underway, operated by 55 employees, and over €10 million in sales secured for the coming months, the company has strong growth prospects.
Based in Brittany, Pays de la Loire and Ile-de-France, Compagnie Financière Armoricaine (CFA), which also owns ISF Energies and Sogec Energie, is a group specializing in the construction of new multi-family housing, student or service residences and ERP (offices, hotels, etc.). With sales of over €30 million, Compagnie Financière Armoricaine delivered 2,520 housing units in 2022 and employs over 150 people.
Recognized for its expertise and strong presence in the Centre-Val de Loire and Pays de la Loire regions, JP Mangeant strengthens CFA's position in these regions, which offer significant growth prospects.
As part of this acquisition, Stéphane Mangeant will retain a minority share in the company's capital, and will continue to lead JP MANGEANT's management team within CFA, in order to contribute to the group's dynamic growth.
Stéphane Mangeant, Managing Director of JP MANGEANT, comments: "I'm delighted to be joining this regional construction leader, with whom we share strong human values and technical skills. Our merger will enable us to accelerate our development, and our know-how will complement the expertise of Compagnie Financière Armoricaine to offer ever more comprehensive solutions to our customers. We would like to thank Largillière Finance for its unfailing commitment and the efficiency of its support, which were decisive factors in the success of this operation".
For Thomas Bureau, Managing Partner at Largillière Finance: "We are very pleased to have supported JP MANGEANT in this transaction, as we are convinced that it will enable them to benefit from the backing of a solid, innovative group, offering enhanced prospects for accelerating its development and consolidating its position as leader in the HVAC and plumbing sector. This sale also guarantees a lasting handover and optimal support for the company's growth strategy."
For Guinel Le Boedec, CEO of Compagnie Financière Armoricaine: "It's an honor to welcome JP MANGEANT, whose expertise is recognized by industry professionals and major contractors. This is a major development for our group, and I am very confident in the new prospects offered by this new collaboration. I would like to extend a warm welcome to Stéphane Mangeant and his teams."
With offices in Paris, Lyon, Nantes, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.
