Cowen advises Triton Partners on the akquisition of Kälte Eckert Group

Triton_Kälte Eckert_2022_en!
Overview

Transaction

Cowen advised Triton Partners on the acquisition of Kälte Eckert Group, a supplier of tailor-made, highly engineered, environmentally friendly refrigeration, and air conditioning systems for both corporate and private customers. The range of services in refrigeration technology includes the entire value chain from consulting and planning to installation, maintenance, and after-sales services. The group is located in Markgröningen in the Ludwigsburg / Stuttgart area. Sellers of the shares were VR Equitypartner GmbH and the founding family.

Kälte Eckert was founded in 1966 as a one-man business by Horst Eckert, focusing on the installation of refrigeration systems. In 2017, VR Equitypartner GmbH acquired shares in Kälte Eckert GmbH to support the growth strategy.

Client

Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer, and healthcare sectors. Triton invests in and supports the positive development of medium-sized businesses headquartered in Europe.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvement and growth.

The companies currently in Triton’s portfolio have combined sales of around EUR 18.1bn and employ around 104,000 employees.

Target

Kälte Eckert Group specializes in special plant engineering for commercial refrigeration with a focus on industrial kitchens, industrial refrigeration and air conditioning. In addition, the company is the nationwide technology leader in the field of alternative ecological coolants. Its customer portfolio includes major corporations such as Daimler, UniCredit and LBBW. Founded in 1966 by Horst Eckert, the company is now managed by his sons Michael Eckert and Holger Eckert. In 2017, VR Equitypartner GmbH acquired shares in the GmbH to support the growth strategy. In 2019, the GmbH took over majority shares in Günther Kältetechnik GmbH, in 2020 Kälte Eckert acquired Gartner, Keil und Co. Klima & Kältetechnik GmbH and SOS Klimatechnik GmbH.

Contact

Photo Tobias Seige

Tobias
Seige

Partner
M&A, Cowen

+41 44 2654 080
Email

Headshot DB

Dierk
Beyer

Partner
M&A, Cowen

+49 69 5060 675 62
Email

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