Advised by Walter Billet Avocats, Etablissements Salentey has been acquired by a tandem composed of Trenois Decamp and Setin, which aimed at expand themselves into the electric material distribution sector.
Created more than 80 years ago, Etablissements Salentey has been developing a solid reputation within the electricity and material distribution fields. Thanks to their network composed of 5 desks located in Picardie, in the northern part of Paris and in Pas-de-Calais, they totalize more than 70 employees and a turnover exceeding 20 millions euros.
As a founding member of the Socoda network, the first independent professional network for the French building and industry sectors, Etablissements Salentey have access to a large product range composed of more than 350 000 references coming from the best suppliers.
Activity continuation and strategic diversification
Their founding manager, Raymond Salentey, has initiated a competitive process in order to identify and select a new owner able to ensure Etablissements Salentey’s development. After discussions that took several months, the Allard and Setin families – respectively owning Trenois Decamps and Setin groups – have convinced him about their will and ability to keep on growing while respecting the Etablissements Salentey’s DNA, combined with their ambition to deploy the group at a national level.
On December 22nd, Etablissements Salentey have then joined their two new owners which then succeeded in concretizing a strategic diversification.
Walter Billet Avocats advised Etablissements Salentey for this operation thanks to a team composed of Fabien Billet (partner), Christophe Cussaguet and Elodie Vardon.
Other advisors: the sellers were also advised by Capstone Finance (Thaddée Willart, Julien Joos) as the acquirers were advised by Septentrion Finance for the M&A aspects (Guillaume Dubois, Gauthier Samain and Pierre-Henry Martin) and by Theret & Associés for the legal concerns – Edouard Theret and Chloé de Grieck.