SATEP

What SATEP does

SATEP SAS (Société des Artisans de la Transition Énergétique et Participations), founded in 2022 in Paris, is a roll-up platform for building energy transition SMEs in France. It acquires and consolidates local heating, ventilation, air conditioning (HVAC), heat pump, photovoltaic, and plumbing companies, currently operating 11 wholly-owned subsidiaries (e.g., Rateau Frères, Axe Énergies, Concept & Co, Novoclim, Le Thiec, Hélio Énergie, Opale Géothermie, SN Garraud, Géotherm Solaire, Rhin Climatisation) that retain their local brands and founder-managers as co-shareholders. Each subsidiary employs RGE-certified installers and delivers residential, professional, and public-market services across five French regions (Île-de-France, Nouvelle-Aquitaine, Grand Est, Pays de la Loire, Hauts-de-France). SATEP monetizes through project-based installation contracts (one-time), recurring maintenance agreements (annual subscriptions such as Le Thiec's 1,700 contracts), and bespoke commercial energy renovation projects, with €40M in consolidated revenue and 255 employees as of January 2026. The model depends on a hybrid governance approach: subsidiary founders retain operational autonomy and equity stakes while SATEP centralizes support functions including procurement, finance, HR, marketing, IT, and sales coordination (formalized through a recently hired Chief Sales Marketing Officer). The company is backed by Entrepreneur Invest (equity) and Eiffel Investment Group's Eiffel Impact Direct Lending fund (€17M unitranche debt), with stated ambitions to double in size by 2027.

Name

SATEP

Legal name

SATEP SAS

Website

https://satep.fr

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

SATEP is a Paris-based roll-up platform that acquires and consolidates French HVAC, heat pump, and renewable energy SMEs, operating 11 subsidiaries to deliver residential and commercial building energy transition services across France.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Installation Services: One-time installation of HVAC systems, heat pumps, photovoltaic panels, and plumbing systems for residential and commercial customers. These are project-based services with revenue recognized upon completion.
2. Maintenance and Repair Services: Ongoing maintenance contracts and repair services for installed equipment, including annual maintenance agreements (e.g., Le Thiec has 1,700 maintenance contracts). Provides recurring revenue stream from existing customer base.
3. Technical Support and Consulting: Technical expertise and consulting services for building energy efficiency projects, including energy audits and system design.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

SATEP operates a federated network of 11 locally-branded French SMEs delivering installation, maintenance and repair services for energy-efficient building equipment. The core offerings span HVAC (heating, ventilation and air conditioning), heat pumps, photovoltaic solar systems, plumbing and sanitary works, and electrical services for individual homeowners, professionals, and public sector clients across metropolitan France. Each network company retains its local brand identity while accessing SATEP's shared support functions in finance, purchasing, HR, marketing, and IT.

Product overview

SATEP (Société des Artisans de la Transition Énergétique) is a network of specialized installation and maintenance companies focused on building energy performance. The offering is structured as a multi-company network rather than a unified software platform. The core services include Heating & Air Conditioning (CVC), Photovoltaic & Electrical, and Plumbing & Sanitary services. These are delivered through 11 subsidiary companies: Rateau Frères, Axe Énergies, Concept & Co, Gourdon, Novoclim, Hélio Énergie, Le Thiec, Opale Géothermie, SN Garraud, Géotherm Solaire, and Rhin Climatisation. Each company maintains its local identity while benefiting from SATEP's support in operations, finance, purchasing, HR, and digital services. The network specializes in heat pump installation, photovoltaic systems, and comprehensive energy efficiency solutions for buildings.

Differentiator

Problem solved

Functional benefit

Products and services

• Heating & Air Conditioning (CVC) Services Design, installation, and maintenance of heating, ventilation, and air conditioning systems ensuring optimal comfort and improved energy efficiency for residential and commercial buildings, delivered through the 11 local subsidiary companies.
• Photovoltaic & Electrical Services Photovoltaic solar panel installation, electrical works ranging from small jobs to autonomous production systems and energy management, delivered by certified installers (QualiPV) across the network.
• Plumbing & Sanitary Services Plumbing installation, repair, and sanitary services for functional and durable buildings, respecting environmental standards, delivered across the network's regional subsidiaries.
• Rateau Frères Multi-technical company based in Thouars specializing in HVAC with heat pump focus, also offering photovoltaic, plumbing, and electrical services for individuals, professionals, and public markets. 35 collaborators and €6M revenue.
• Axe Énergies Heat pump and air conditioning installation company based in Illkirch (Alsace) since 1992, serving individuals and professionals with design, installation, and repair services. 15 collaborators.
• Concept & Co Energy efficiency company based in Carbon-Blanc (Bordeaux region) since 2007, offering heat pumps, AC, plumbing, solar thermal, charging stations, photovoltaic, and storage systems for individuals and professionals. 23 collaborators and €3.5M revenue.
• Gourdon HVAC, plumbing, and electrical services company based in Nueil-les-Aubiers since 1982, serving Deux-Sèvres and Maine-et-Loire. Offers heat pumps, AC, solar, plumbing, and electrical services. 22 collaborators.
• Novoclim Heat pumps and reversible air conditioning company based in Vigneux-de-Bretagne (near Nantes) since 2008, serving individuals and professionals. 30 collaborators.
• Hélio Énergie HVAC and photovoltaic company based in Buchelay (Yvelines) since 2008, serving individuals, professionals, and local authorities. Operates across Yvelines, Eure, Eure-et-Loir, Hauts-de-Seine, and Val d'Oise. 21 collaborators.
• Le Thiec CVC and general plumbing company based in La Baule-Escoublac since 1965, serving individuals and professionals within a 30km radius. 22 collaborators and €3.6M revenue. Holds 1,700 annual maintenance contracts.
• Opale Géothermie Heat pump and air conditioning installation company based in Autingues (Opale Coast, Pas-de-Calais) since 1999. RGE certified, serving individuals and professionals. 25 collaborators.
• SN Garraud (Société Nouvelle Garraud) Family business based in Chassenon (Charente) since 1978, specializing in plumbing, heating, air conditioning, and renewable energy. RGE certified with 13 collaborators and over €2M revenue.
• Géotherm Solaire Heating and renewable energy company based in Hautes-Avesnes (Pas-de-Calais) since 2006, specializing in geothermal, heat pumps, solar thermal, photovoltaic, plumbing-sanitary, and ventilation. 17 collaborators.
• Rhin Climatisation Historic Alsatian company based in Strasbourg specializing in CVC installation and maintenance and plumbing work, serving professionals and individuals across Bas-Rhin and Moselle departments. Pierre Schott appointed as new General Director.
• Annual Maintenance Contracts Recurring annual or multi-year maintenance and repair agreements for installed heating, air conditioning, photovoltaic, and plumbing systems. Example: Le Thiec holds 1,700 annual maintenance contracts, providing recurring service relationships across the installed base.

Quantifiable outcome

• 3,840 tonnes of CO2 saved annually (2024 figure)
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Hellio: French leader in residential and tertiary energy renovation, working with a network of artisans to deliver heat-pump, insulation and photovoltaic installations — directly comparable business model and target customer to SATEP.
• Effy: French energy-renovation platform connecting homeowners with RGE-certified installers for heat pumps, solar, and insulation; competes with SATEP for the same residential customer and installer pool.

Broad incumbents

• ENGIE Home Services: ENGIE's national network for residential HVAC installation and maintenance in France; a major broad-incumbent with overlapping installation, maintenance and energy-efficiency offerings for households and small businesses.
• SPIE France: Major French technical facility-services group providing multi-technical building services (HVAC, electrical, plumbing) — comparable multi-trade installation/maintenance capability and customer overlap at the professional/tertiary end.
• IZI by EDF: EDF's residential energy-renovation subsidiary offering heat-pump, solar, insulation and boiler services across France; a much larger incumbent addressing the same particuliers and professionnels customer segments as SATEP.
• Veolia Energie France: Veolia's French energy services arm delivering district heating, HVAC and energy-efficiency solutions for buildings and municipalities; an adjacent broad incumbent in building energy services with partial customer overlap in marchés publics.
• Dalkia: EDF subsidiary focused on energy services and decarbonization for buildings and territories; overlaps with SATEP in HVAC and energy-efficiency services but operates at significantly larger scale and serves primarily B2B/territorial clients.

Emerging players

• Qivio (Qivio Énergie): French specialist installer of heat pumps and solar solutions for residential customers; an emerging niche player with overlapping service lines but more limited geographic footprint than SATEP's network.
• PRYSME Énergie (groupe PRYSME): French multi-trade energy-services group aggregating local HVAC and electrical SMEs; highly comparable roll-up/consolidation model targeting the same fragmented French installation-services market.

Others

• Crédit Agricole Transitions Énergétiques (regional bank energy arms): Regional bank-affiliated structures that finance and sometimes structure the sale/transition of HVAC SMEs; an adjacent enabler/ecosystem participant influencing SATEP's M&A pipeline and access to succession-driven sellers.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights3 records

Customer concentration

• LinkedInlinkedin.com/company/satepsas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SATEP