Edmond de Rothschild Corporate Finance advises SIC Étanchéité as part of the sale to Alpha Services

News - 10/22/2018

Established in 1989 and owned by Dominique Iacovelli and Cyrille Ravet, the two current executive officers, since 2007, SIC ETANCHÉITE is among the largest independent waterproofing companies in the Auvergne Rhône-Alpes region.

The company specializes in the waterproofing of flat roofs in functional buildings (secondary schools, academies, gyms etc.), residential buildings (social housing) and commercial buildings (shopping centres).

Founded in 1991 and based in Marseilles, the ALPHA SERVICES group is the leading independent company in the Provence-Alpes-Côte d’Azur region for the waterproofing of roofs in public and private buildings.

In 2017, the group was subject to a change of ownership and management to Olivier Durand, Régis Duvernay and Yannick Simond, as part of an MBO orchestrated by IXO PRIVATE EQUITY, which became the majority shareholder.

The alliance of the two companies creates a leading independent player in the wider south-eastern region, with revenue of more than €35m, including €10m from SIC ETANCHEITE.

Dominique Iacovelli and Cyril Ravet remain the senior management of SIC ETANCHÉITE and a minority shareholder.


Edmond de Rothschild Corporate Finance: Sébastien Auger (Executive Director), Lucrèce d’Assignies (Vice President), Boris Martin (Associate)