Compagnie Financière Jousset, a private equity company based in Paris, has bought SMAC, a provider of waterproofing and building envelope systems, from OpenGate Capital.
SMAC was established in 1884 and serves the French waterproofing and facades market. OpenGate acquired the business in 2019 from Colas Group, a subsidiary of Bouygues SA.
“With a history spanning over three centuries, two wars, and a global pandemic, SMAC has demonstrated outstanding resilience due to the strength of its human capital, deep technical expertise, and a great reputation among its peers for safety, quality, and reliability,” states Frédéric Jousset, founder of CFJ.