Our investments

Neothermie

Date of realisation

February 2017

Invest date

November 2010

Boilers maintenance

ACTIVITY

ENS France, under the brand “Neothermie”, is a network of residential boiler maintenance and replacement technicians in France. The business initially consists of four companies in the Paris area and in the North. ENS France’s objective is to buy and build a national independent network in France. The company has 15 branches serving 100,000 customers with 70,000 maintenance contracts. The maintenance market is worth €3.6bn and there are more than 20,000 small and medium sized companies in the sector. ENS France is led by Jean-Philippe Le Baron and Yvan Thorin who used to run the same network at Poweo Services in France.

VALUE ADDED STEPS PLANNED

The market is highly fragmented and consists of small independent players with no succession plan and limited local ambition. ENS France brings them both marketing and human resource skills, essential to grow the customer base, while respecting the local presence and proximity of each acquired business. The plan is to develop a national maintenance network with a strong local presence.

www.neothermie.fr

Contact us

place Luxembourg

Milestone Investisseurs
Management Sarl
15 rue Edward Steichen
Luxembourg L-2540 - Luxembourg

place Genève

47 route des Acacias
Geneva CP1510 - Switzerland
Tel. +41 791 282 044

place Bruxelles

523 avenue Louise
1050 Brussels - Belgium
Tel. +32 497 38 31 45

place Paris

WeWork
40 rue du Colisée
75008 Paris, France
Tel. +33 6 08 31 99 16