CHEVAL

What CHEVAL does

Groupe CHEVAL is a French multi-subsidiary construction and public works group headquartered in Alixan (Drôme), operating across the southeastern quadrant of France. Founded in 1949 and now in its third generation of family ownership, the group runs 22 subsidiaries that collectively cover demolition, asbestos removal (CCTA-certified), earthworks, dry and wet utility networks, road construction, public and private landscaping, concrete and aggregates production, asphalt, flower production (Falabella), and waste recycling. Its offering is structured around "territorial development" — the integrated transformation and maintenance of local infrastructure — rather than single-trade execution.

The group's customers split between local public authorities (collectivités) and private-sector clients, with named utility relationships including ENEDIS, GRDF, SDED, SDE 07, and Eau de Valence. Revenue is generated through project-based contracts tied to territorial development, infrastructure installation, environmental services, and the operation of vertically integrated production assets (quarries, asphalt plants, concrete plants, recycling platforms, and methanization facilities). Vertically integrated materials production is a key revenue lever, allowing the group to internalize supply across its own sites and external sales.

In December 2020, CHEVAL became the first French public works group to adopt the "Société à Mission" governance status, embedding social and environmental objectives into its bylaws and signaling a deliberate brand and structural positioning distinct from commodity TP competitors. The group has subsequently been recognized by GRDF as an "Industriel engagé gaz vert" (February 2026). Recent strategic activity — multiple acquisitions in 2022-2023, the Valorbois product launch in February 2025, a methanization project at Bourg de Péage, and a new Saint-Marcellin site in 2024 — points to active scaling of headcount (now 1,100+), geographic density, and adjacent environmental-product verticals.

Name

CHEVAL

Legal name

Groupe Cheval

Website

https://groupecheval.fr

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Groupe CHEVAL is a third-generation French construction and public works group headquartered in Alixan, operating 22 subsidiaries across southeastern France. It delivers territorial development, infrastructure, environmental services, materials production, and landscaping to public authorities and private clients.

Ownership category

akta.pro rank

Product category

Construction and Public Works Services

NAICS

Other Concrete Product Manufacturing (327390), Other Concrete Product Manufacturing (32739), Crushed and Broken Granite Mining and Quarrying (212313)

SIC

Concrete Products, Except Block & Brick (3272)

akta.pro primary industry

Environmental Remediation & Site Cleanup (Soil/Groundwater) (IMAIAGAA)

akta.pro secondary industries

Regulatory Compliance, Permitting & Project Management (HazMat Abatement) (BPALALAG), Aggregate Processing & Value-Added Products (Washing, Screening, Asphalt/Concrete Aggregates) (IMAKAHAH)

Keywords

• Public works services
• Earthworks construction
• Utility network installation
• Asbestos remediation services
• Heritage building restoration

Headquarters

HQ city

Alixan

HQ country

France

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Public works and construction services: The group generates revenue through a diverse portfolio of 22 subsidiaries providing public works, construction, and environmental services including demolition, earthworks, road construction, network installation, and landscaping. Revenue is driven by both public sector contracts (collectivités) and private sector projects across the quart Sud-Est of France.
2. Material production and recycling: Production and sale of aggregates, asphalt, concrete, and recycled materials through subsidiaries such as CHEVAL Granulats, CHEVAL Enrobés, and CHEVAL béton. Additional revenue from waste collection and material valorization through Valorsol Environnement and REM platform.
3. Landscaping and permaculture services: Falabella produces flowers in permaculture and sells natural, seasonal bouquets through short circuits. Cheval Paysages designs and maintains exterior spaces. Cheval Restauration patrimoine provides heritage restoration services.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Groupe CHEVAL delivers territorial development, infrastructure construction, and environmental services through 22 specialized subsidiaries. Core offerings include demolition, asbestos removal, earthworks, road construction, dry and wet utility network deployment, aggregates, asphalt and concrete production, material recovery and recycling, heritage restoration, landscaping, and permaculture flower production. The group serves public authorities, utility providers, and private clients across the southeastern quarter of France with project-based contracts.

Product overview

Groupe CHEVAL is a construction and public works group offering a comprehensive portfolio of services organized as a multi-subsidiary platform. The company operates through distinct subsidiaries including CHEVAL TP, CHEVAL béton, CHEVAL Enrobés, CHEVAL Granulats, CHEVAL Restauration patrimoine, Giammatteo réseaux/SECA, Valorsol environnement, Entreprise 26, Migma, Molina, Planète Désamiantage, CHEVAL Paysages, and Falabella. Core services span public works (terrassement, roads, networks), environmental services (asbestos removal, material recovery), heritage restoration, quarrying and aggregates, asphalt production, landscaping, and permaculture flower production. The group positions itself as responsible land developers (aménageurs engagés) focused on sustainable territorial development.

Differentiator

Problem solved

Functional benefit

Brands

• Falabella: A permaculture flower production company that sells natural, seasonal bouquets through short circuits. Also involved in ecological management of green spaces and creation of positive-impact landscaped areas.

Products and services

• Dry Networks Installation (Réseaux secs)
• Wet Utility Networks (Réseaux humides)
• Deconstruction and Demolition (Déconstruction / Démolition)
• Earthworks (Terrassement)
• Road Construction (Routes)
• Asbestos Removal (Désamiantage)
• Landscaping (Aménagement paysager)
• Flower Production (Production de fleurs)
• Quarry and Aggregates (Carrière / Granulats)
• Asphalt and Emulsions (Enrobés et émulsions)
• Crushing (Broyage)
• Material Collection and Recovery (Collecte & valorisation de la matière)
• Development Concrete (Bétons d'aménagement)
• Heritage Restoration (Restauration du patrimoine)
• Valorbois industrial wood valorization unit

Quantifiable outcome

• 80% reduction in CO2 emissions through biogas transition at asphalt plants
• +4 more outcomes

Named customers6 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

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• GRDFcoreStrategic or Co-development Partner · 1 February 2026Partnership with GRDF for green gas (biogaz) supply to power CHEVAL's asphalt plants at Portes-lès-Valence and Sablons. This partnership achieved 80% reduction in CO2 emissions and led to GRDF awarding CHEVAL the first regional 'Industriel engagé gaz vert' recognition. GRDF also supplies renewable gas as part of CHEVAL's broader energy transition strategy.
• RampacoreStrategic or Co-development PartnerPartnership with Rampa to integrate a new construction and demolition waste recycling and recovery platform called REM (Roche exploitation matériaux) at Sérézin-du-Rhône. Integrated into Cheval Granulats entity, the platform benefits from strategic location along A7 near Lyon with fluvial access on the Rhône, serving the Grand Lyon and Vienne Condrieu Agglomération areas.
• Intercommunalité Saint-Marcellin Vercors IsèrecoreStrategic or Co-development PartnerCollaboration with local intercommunal authorities and DREAL (regional environmental authority) for the rehabilitation of a 20+ year abandoned industrial brownfield site in Saint-Marcellin. Partnership involves full decontamination, partial deconstruction, building rehabilitation, and site greening with at least 20% open soil coverage using biodiversity-supporting species.
• Chambre d'agriculture de la DrômeminorStrategic or Co-development PartnerPartnership with the Drôme Chamber of Agriculture to perfect methods of quarry rehabilitation into agricultural land, supporting sustainable land restoration practices.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Charier: Family-owned French public works group with similar regional anchoring and multi-activity platform (earthworks, networks, roads, environment). Comparable size and multi-generational family governance profile.
• NGE: Leading independent French public works group operating across terrassement, road construction, networks and environmental services. Closest size-and-scope comparable to CHEVAL, with similar geographic diversification strategy and multi-subsidiary platform model.
• Spie: French independent infrastructure services group active in networks, energy and environmental services. Comparable to CHEVAL's network installation and energy transition capabilities, particularly around utility clients.
• Ramery: Family-owned French construction and public works group with regional anchoring, multi-activity platform (TP, networks, environment) similar to CHEVAL's structure and operating philosophy.
• Pigeon: Family-owned French public works, aggregates and environmental services group. Direct comparable to CHEVAL in aggregates production, earthworks and environmental remediation activity mix.
• Razel-Bec (Fayat Group): French public works and earthworks specialist within the Fayat Group, active in terrassement, road infrastructure and networks. Directly comparable to CHEVAL TP and CHEVAL Granulats in earthworks and aggregates capabilities.

Broad incumbents

• Colas: World leader in road construction and maintenance, a Bouygues subsidiary. Overlaps directly with CHEVAL Enrobés and CHEVAL TP's road-building activities, but operates at much larger scale and broader geographic scope.
• Bouygues Construction: Major French construction and infrastructure subsidiary of Bouygues. Overlaps with CHEVAL in public works, networks, and environmental infrastructure but operates as a national/international incumbent.
• Eiffage Construction: Major French construction group with public works, road, and infrastructure activities. Overlaps with CHEVAL's construction and infrastructure portfolio but operates at significantly larger national scale.
• VINCI Construction: Largest French construction group offering earthworks, networks, road and environmental services. Competes with CHEVAL on major French public-works tenders but at substantially greater scale and geographic reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/legroupecheval
• LinkedInfr.linkedin.com/company/groupe-cheval-amenageurs-engages
• Instagraminstagram.com/grpcheval/?hl=fr

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries19 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 CHEVAL