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Capital Croissance to Acquire Stake in ELEC TRIMAROC, Boosting Morocco's Power Infrastructure
Moroccan growth‑fund Capital Croissance, managed by BMCE Capital Investments, has signed an agreement to take a minority stake in ELEC TRIMAROC, a leading public‑lighting and electrification contractor. The deal, pending regulatory approvals, is expected to accelerate ELEC TRIMAROC’s commercial expansion, broaden its service portfolio and reinforce ESG practices across the sector.
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Capital Croissance signs minority‑stake agreement with ELEC TRIMAROC
On 3 July 2026, Capital Croissance – a growth‑oriented investment fund managed by BMCE Capital Investments – announced that it has entered into a binding agreement to acquire a minority shareholding in ELEC TRIMAROC, a key player in Morocco’s public‑lighting and electrification market. The transaction will be completed once the customary regulatory authorizations are obtained.
About ELEC TRIMAROC
Founded in 1990 and fully owned by TANMIA HOLDING since 2017, ELEC TRIMAROC has become a cornerstone of Morocco’s electricity‑infrastructure landscape. The company combines solid technical know‑how, a skilled workforce and long‑standing relationships with both public and private clients, positioning it at the forefront of a market driven by public‑sector investments, the energy‑transition agenda and urban‑infrastructure upgrades.
With roughly 80 employees and a reported turnover of MAD 166 million at the end of 2025, the firm enjoys a strong order book and promising growth prospects.
Strategic partnership objectives
The Capital Croissance investment underlines its commitment to backing high‑potential Moroccan companies that can generate long‑term value. For ELEC TRIMAROC, the capital injection will be used to:
- Accelerate commercial development and win new contracts;
- Expand into additional activity segments within the electricity‑services space;
- Leverage BMCE Capital Investments’ strategic guidance, network and sector expertise.
ESG focus
The deal aligns with Capital Croissance’s ESG‑driven investment policy. Together with ELEC TRIMAROC’s shareholders and management, the fund aims to embed sustainable practices in a sector with high territorial impact, enhancing energy efficiency, skill development, social inclusion and local job creation.
Comments from the executives
Youssef Filali Amine, General Manager of ELEC TRIMAROC, said: “The entry of Capital Croissance into our equity marks a major milestone in our 35‑year journey. Beyond the financial resources, we gain a partner whose expertise, network and rigorous standards will help us accelerate growth, enter new markets and reach the next level while staying true to our core values.”
Zineb Megzari, CEO of BMCE Capital Investments, added: “ELEC TRIMAROC possesses all the qualities we look for – a leading position in a high‑growth market, an engaged management team and a proven ability to create lasting value. Our investment will support the company’s next growth phase and reinforce responsible practices that drive sustainable development and job creation.”
Advisors and next steps
The transaction was executed with the assistance of:
- WeAdvise – financial advisor;
- Forvis Mazars – financial and tax due‑diligence;
- Afrique Advisors and Filali Kadiri & Associates – legal counsel.
Further details will be disclosed after the closing of the agreement and receipt of the required regulatory approvals.