Argos acquires Hexvia (Demeco), the #1 integrated leader in the French moving services market, with the support of Bpifrance.

• Hexvia – through its main brand Demeco, celebrating its 60^th anniversary this year – has become a French market leader in moving services, addressing the residential, business and industrial segments through a network of around 120 agencies and 1,100 employees.
  
  
• With its new shareholders’ support, Hexvia will enhance its current offer and introduce value-added services aimed at making residential and business moves easier. These innovations will be implemented through both internal development and acquisitions, in its current locations and new geographies.
  
  
• Simultaneously, the group will accelerate its environmental transition and address customer demand for low-carbon solutions, providing a lasting competitive advantage and further accelerating growth.
  
  

• This transaction marks the 4^th European investment by Argos Climate Action, an environmental buyout fund focused on shaping sustainable leaders.

The European independent private equity firm Argos, through its Argos Climate Action fund (Article 9 SFDR), as majority shareholder, and Bpifrance, the one-stop-shop for French entrepreneurs, have signed an agreement to acquire a majority stake in Hexvia from Siparex, BPM Group and other minority financial investors.

The transaction remains subject to the customary approval of the French competition authorities and is expected to close in the next weeks.

Hexvia was founded around its flagship brand Demeco, which is celebrating six decades of growth in 2025 and has become the leading integrated player in the French moving services market. The group addresses both the residential and business relocations markets via an extensive network of 55 owned agencies and 64 franchises, with Demeco in France and Grupo Amygo in Spain. The group is recognised for its national and international services, relocation assistance, storage solutions, as well as industrial and office transfers. Hexvia currently employs 1,100 dedicated professionals and generated 116 million euros in revenues in 2024.

From a moving services company to a sustainable mobility services leader

Environmental awareness in the moving services market is increasing among both companies and individuals. Supported by Argos and Bpifrance, Hexvia aims to be at the forefront of sustainable residential and business mobility services, with a clear strategic roadmap built around three key pillars:

• Continue growing on the French moving services market

With its Demeco brand at the forefront, the group will continuously expand on all its markets (private moving services, mobility services for corporations and administrations, industrial transfers) and develop the services it offers to simplify its customers’ moving experience: storage, relocation services, and further tailor-made services for residential and business customers.

• Pursue its acquisition strategy

Built via external growth over the past decades, Hexvia will leverage its buy & build expertise to enhance its network and offer new services to its customers. Already present in France, Spain, Belgium, and Luxembourg, Hexvia will also seek to expand into new geographies.

• Accelerate the environmental transition to build a lasting competitive advantage

As the only nation-wide moving services company member of the “Objectif CO2” programme from the French environmental agency ADEME, Hexvia has already started to deploy its decarbonisation strategy, by rolling out the use of second-generation biofuels in its fleet (for more than 2.5 million km in 2024) and developing circular economy initiatives. With the support of its new shareholders, the group will accelerate its environmental transition to offer sustainable services to all its customers.

Hexvia is the fourth investment of Argos Climate Action after Bracchi (an Italian leading multi-niche logistics company), Groupe Routin (a French-based manufacturer of high-end syrups and ingredients for creative drinks), and Lavatio (a leading German B2B textile rental and laundry service provider). The goal of this decarbonisation fund is to shape European sustainable leaders by reducing the CO₂ intensity of its portfolio companies by at least 7.5% annually.

Jack Azoulay, Senior Partner at Argos, said: “Hexvia is the #1 integrated player in the French moving services market, uniquely positioned to capitalise on new opportunities and the rising demand for sustainable offers. We are excited to partner with the management team and support them in realising their ambitious growth plans.”

Simon Guichard, Partner at Argos said: “Demeco is a perfect fit for our environmental buyout fund Argos Climate Action, which aims at speeding up the environmental transition of companies to build a competitive edge in the market, with a dedicated team, a proven methodology and strong expertise. Demeco has a lot of potential in that respect.”

Karine Lenglart, Senior Investment Director at Bpifrance said: “We are delighted to partner with Hexvia and its experienced and committed management team led by Benoit Drillon. This partnership represents a significant opportunity to support the company in its decarbonisation challenges, driving sustainable growth in the mobility industry.”

Benoit Drillon, CEO of Hexvia commented: “We believe that Argos Climate Action’s and Bpifrance’s approach perfectly aligns with our Group’s vision for the next years. We are confident that our teams, sharing common values and ideas, will collaborate seamlessly. Sustainability has become a key differentiator in the market and, as a pioneer on this matter, we are eager to accelerate our transformation while continuing to grow our business on all our markets, in France and internationally, with the support of our new shareholders.“

Augustin de Jerphanion, Partner at Siparex, and Antoine Fustier, Director at Siparex said: “We are very proud to have supported Demeco in its digital transformation, the continued consolidation of its BtoC division, and the first stage of decarbonising its vehicle fleet. These actions have accelerated under the leadership of Benoit Drillon, who has given the Group a new trajectory and ambition.”

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Argos Team: Jack Azoulay, Simon Guichard, Stanislas Guichot-Pérère, Pauline Humbert
Bpifrance Investment Team: Karine Lenglart, Aurélien Auvray, Wissal El Achgar
Siparex Team : Augustin de Jerphanion, Antoine Fustier, Caroline Jacquet

Advisors
Edmond de Rothschild Corporate Finance – M&A (Julien Donarier, Anastasia Saldi, Etienne Ceccaldi, Antoine Laval)
Edmond de Rothschild Corporate Finance – Debt Advisory (Paul Assaël, Arthur de Latour)
8A (Nabil Saci, Thibault Lorin)
PMP Strategy (Lionel Chapelet, Jonathan Zelmanovitch, François Cousi, Laura Papet-Arnal, Margaux de Chelle, Alexis Martin-Delahaye)
Carbone 4 (Hugues-Marie Aulanier, Alexandre Huon de Karmadec, Victoire Choisnard)
Digital Value (Romain Bury, Abdellah Moutacalli)
Axa Climate (Julien Famy, Delphine Godin)
Arsene Taxand (Franck Chaminade, Matthieu Sanchez, Ramata Thiam)
August Debouzy (Julien Aucomte, Maxime Legourd, Albane Shehabi, Mayer Brown, Maud Bischoff, Constance Bouchet)
Topics Conseil (Bruno Mettling, Eric Lanciaux)

Siparex Legal Advisor
McDermott Will & Emery (Henri Pieyre de Mandiargues, Boris Wolkoff, Alexandre Bomet)