OpenGate Capital Completes Acquisition of SMAC from Colas Group
OpenGate Capital, a global private equity firm, announced today that it has acquired SMAC, a global manufacturer of waterproofing and building envelope solutions, from Colas Group (EPA : RE). Financial terms were not disclosed.
SMAC operates across two divisions: Travaux and Industrie. SMAC Travaux specializes in waterproofing solutions typically utilized on flat roofs structures and facades. SMAC Industrie manufactures bituminous membranes, skylights and resins. As one of the largest players in the segment, SMAC has a dedicated service and maintenance business, SMAC Assistance Service, and Essemes Services, focused on fire safety maintenance. SMAC is headquartered in Issy-les-Moulineaux and has operations across France, Morocco, and South America and is supported by 3,400 employees.
Founder and CEO of OpenGate Capital, Andrew Nikou, stated: “The building and construction sector continues to present many opportunities across Europe and North America that are well suited for OpenGate. With the investment in SMAC, we are incredibly proud to continue building on our strategy within the lower middle market, and we welcome the business and its many employees into the portfolio of our second institutional fund.”
OpenGate Capital sourced the SMAC opportunity through its global origination team led by Joshua Adams, Managing Director. From the firm’s European office in Paris, the following team members are responsible for negotiating and overseeing the investment: Sebastien Kiekert Le Moult, Partner, M&A; Fabien Marcantetti, Managing Director, M&A; and Marc Veillas, Managing Director, Operations.
The acquisition of SMAC is the second Europe-based corporate carve-out completed within OpenGate Capital’s second institutional fund following the earlier announcement that the firm had acquired the European silicon carbide division, Fiven, from Saint-Gobain.
About OpenGate Capital
Founded in 2005, OpenGate Capital is a global private equity firm that strives to acquire and optimize lower middle market businesses throughout North American and Europe. With a strategic international presence and a focus on corporate carve-outs and complex situations, the firm’s expertise allows it to realize a seller’s divestiture objectives while mitigating the risks associated with a business’s transition to independence. OpenGate is headquartered in Los Angeles and Paris and has a seasoned in-house team of professionals overseeing the entire lifecycle of each investment. To learn more about OpenGate, please visit www.opengatecapital.com.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190522005053/en/
Contact information
OpenGate Media Contacts
Alanna Chaffin
Email: achaffin@opengatecapital.com
Telephone:
+1 (310) 432-7000
Mike Sitrick
Sitrick & Company
Email: Mike_Sitrick@sitrick.com
Telephone:
(310) 788-2850
OpenGate Business Development Contact
Joshua Adams
Email:
jadams@opengatecapital.com
Telephone:
+1 (310) 432-7000
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Riyadh to Host the First Edition of BIO Middle East10.9.2025 21:01:00 EEST | Press release
The Saudi Ministry of Health has announced the launch of the first edition of BIO Middle East, the region’s pioneering event dedicated entirely to biotechnology. The event will take place from May 11 to 13, 2026, co-locating with CPHI Middle East at the Riyadh Exhibition and Convention Centre. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250910348484/en/ Riyadh to Host the First Edition of BIO Middle East (Graphic: AETOSWire) A first of its kind for the region, the event reinforces the Kingdom’s leadership in this fast-growing sector and underscores its commitment to becoming a regional and global hub for pharmaceuticals and life sciences. As part of a global series of landmark BIO gatherings that bring together leaders, innovators, and investors from across the world, BIO Middle East will extend this world-class platform for partnership and innovation to the region for the very first time. The BIO Middle East exhibition a
SingleStore Announces Growth Buyout Led by Vector Capital10.9.2025 20:00:00 EEST | Press release
SingleStore, Inc. (“SingleStore” or the “Company”), the leading data platform for enterprise AI, today announced it has entered into an agreement with Vector Capital Management, L.P. (“Vector”), a private equity firm with a nearly three decade track record leading transformational investments in established technology businesses, in which Vector will lead a growth buyout of SingleStore. Raj Verma, SingleStore’s Chief Executive Officer, and the Company’s established management team, who together have decades of experience in leading fast-growth, AI-first enterprise technology companies, will continue to lead the business. Long-term SingleStore shareholders including Google Ventures, Dell Technologies Capital, IBM, and REV Venture Partners will remain as investors in SingleStore. Several Vector Capital limited partners such as Adams Street Partners, J.P. Morgan Asset Management, the External Investing Group (XIG) at Goldman Sachs Asset Management, Angeles Investments, Lexington Partners,
FIA President Mohammed Ben Sulayem Leads Fight Against Online Abuse, Bringing Global Leaders Together in Stockholm10.9.2025 19:22:00 EEST | Press release
The Fédération Internationale de l'Automobile (FIA), the global governing body for motorsport and the federation for mobility organisations worldwide, has welcomed industry experts and thought leaders to Stockholm, Sweden, for the second global United Against Online Abuse (UAOA) conference. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250910299906/en/ FIA President and UAOA Founder, Mohammed Ben Sulayem, speaking at the second global United Against Online Abuse (UAOA) conference. Bringing together voices from the world of sport, politics, and social media, the coalition reaffirmed their collective commitment to combatting online abuse, welcoming new members and sharing knowledge, innovation, and tools to accelerate progress in tackling this digital threat. Joined by high-profile attendees united in UAOA’s mission of eradicating online hate and creating a safer digital environment, FIA President and UAOA Founder, Mohammed B
Verimatrix and Velocix Team Up to Fight CDN Piracy10.9.2025 18:45:00 EEST | Press release
Regulatory News: Verimatrix, (Euronext Paris: VMX), the leader in powering the modern connected world with people-centered security, today announced a strategic collaboration with Velocix, the market’s premier carrier-grade CDN software provider, to help streaming providers combat piracy, boost paid video subscriptions, and cut CDN costs. This joint initiative provides streaming providers with the means to detect, deny, and prevent unsanctioned usage of CDN capacity by third parties. CDN leeching, where unauthorized users consume content directly from the network without paying for it, is a critical and costly challenge for video service providers. Verimatrix Streamkeeper™ Counterspy protects the client side, ensuring only legitimate users can access content, by providing string app authentication, protecting content keys, and safeguarding the token exchange. Velocix’s Carrier-Grade CDN and Video Analytics Platform bring powerful server-side features, including advanced tokenization sc
Home-Compostable ButterFresh ™ Parchment Marks New Step in ProAmpac’s Sustainability Journey10.9.2025 18:14:00 EEST | Press release
ProAmpac, a global leader in flexible packaging and material science, proudly announces that its ButterFresh Parchment has earned the OK compost HOME certificate by TÜV AUSTRIA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250910223002/en/ ProAmpac's ButterFresh Parchment has earned the OK compost HOME certificate by TÜV AUSTRIA. ButterFresh Parchment is a wax-free, PFAS non-intent printed butter wrap designed for compostability without compromising performance and runability during the packing step. This parchment protects butter, margarine, and other oil-based solid products with superior grease resistance and excellent dead-fold properties, locking in freshness and reducing air exposure. “Earning the OK compost HOME certificate by TÜV AUSTRIA underscores our commitment to delivering packaging solutions that combine performance, process efficiency, and environmental responsibility,” said Ray Recchia, global innovation ma
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom