Squiban Group completes capital transmission to Unigrains, Épopée Gestion, UNEXO, Bpifrance and its Management team

A major player in horticultural, produce farming, industrial and tertiary installations, Squiban Group accelerates its development centered on the ecological transition

Plougastel Daoulas & Paris, July 25^th, 2024 – Squiban Group, a major player in horticultural, produce farming, industrial and tertiary installations for over 50 years, completed its capital transmission to Unigrains, lead investor, accompanied by Épopée Gestion, UNEXO, and Bpifrance as well as its Management team. The transaction aims to accelerate the growth of Squiban Group and strengthen its position centered on the ecological transition.

Founded in 1972 in Plougastel Daoulas (Brittany, France), and initially specialized in equipment for greenhouses, Squiban Group has diversified over the past 15 years, via numerous acquisitions, into energy management, optimization of water resources as well as climate and electrical engineering activities, including artificial intelligence. Thanks to its experience in the management of organic productions, Squiban Group is recognized for the quality of its after-sales service, enabling it to develop multiple skills to best meet the needs of clients and partners. Through its specialized subsidiaries, Squiban Group also offers solutions related to renewable energies (photovoltaic, wine, energy storage and methanization).

Currently, Squiban Group has sales of more than 70 million euros, with 320 employees across 23 agencies.

Becoming a key player in energy management and resource optimization

Through this transaction, Squiban Group intends to strengthen its position as a key player in the ecological transition for agricultural, industrial and tertiary clients and partners on a national level. This development may notably involve external growth operations, such as those already completed in recent years, and which successfully integrated new technological solutions and added value for users.

Patrice Borali, President of Squiban Group, declared: “This transaction is fully aligned with the business project initiated by Mickaël Squiban and accelerated when I joined 8 years ago. The expertise, experience and complementarity of Unigrains, Épopée Gestion, UNEXO and Bpifrance will allow us to better structure ourselves, to pilot future developments and to guarantee the maintainability of our quality service whilst being able to offer our clients new and efficient solutions.”

Nicolas Mulle, Investment Director with Unigrains, lead investor in the transaction, declared: “Squiban Group boasts a strategic position as a multi-specialist offering turnkey solutions with high added value to a predominantly agricultural clientele. Beyond the growth trajectory, this transaction demonstrates our alignment with the management team on a shared vision of the opportunities and the transitions that we aim to support across the agri-food industry. We are thus at the heart of Unigrains’ mission as a sector specialized, active and responsible investor.”

Aymeric Le Renard, Partner and Investment Director with Épopée Gestion, declared: “Squiban is at the center of the challenges and opportunities of our region: local agriculture, energy savings, renewable energies… In addition, the ambitious family transmission project led by Patrice corresponds exactly with those we want to support with Épopée Gestion: creating national champions based in our regions, and more particularly in this case, here in the Brest area of our origins.”

Antoine Martiarena, Investment Manager with UNEXO, declared: “Squiban is well known to the Caisse Régionale de Crédit Agricole du Finistère which has accompanied Mickaël Squiban and Patrice Borali for many years. We were quickly convinced by this transaction both enabling a gradual transfer of the group to its management and ensuring a continued commitment to its region. We are also convinced by the relevance of Squiban’s offer for its clients as well as its contributions to food sovereignty and the energy transition.”