Gillet Group
«Thanks to Bernard Marle, my minority shareholder, I have trusted and known Potomac Transactions since 2011. Since then I have been able to appreciate the great professionalism and flawless advice well beyond financial expertise. In 2013, Potomac advised us in restructuring our debt, and 5 years later in the sale of the company, still with the greatest efficiency»
Pascal Gillet, founder of Gillet Group
Founded in 1977 by Pascal Gillet, the Gillet Group design and manufacture special hand tools (shears, cable cutters, pliers, etc.)
At the end of 2017, the founder, who had already worked with Potomac Transactions to restructure its debt 5 years earlier, decided to retire and instructed Potomac Transactions to structure a sale transaction.
At the end of the negotiation process, Gillet Group was sold in September 2018 to the UI Gestion investment funds and two general managers of the Company with the ambition to grow the business in new promising sectors such as aeronautics, rail and agriculture.
- In 2017, revenues of €7,6 million
- 35% international revenues
- 140 new products per year