Triton acquires Kälte Eckert
Frankfurt / Marktgröningen (Germany), July 28, 2022 – The Triton Smaller Mid-Cap Fund II advised by Triton ("Triton"), has acquired a majority stake in Kälte Eckert Group ("Kälte Eckert" or “The Group”), a pioneer in refrigeration technology based on natural refrigerants in Germany. Triton is investing together with the current management team Michael and Holger Eckert. Terms and conditions of the transaction are not disclosed.
Founded in 1966, Kälte Eckert is a supplier of tailor-made, highly engineered, environmentally friendly refrigeration, and air conditioning systems for both corporate and private customers.
The Group has pioneered its industry for over 40 years, providing solutions based on natural refrigerants and covering the entire value chain from consulting, planning, engineering, installation, maintenance to after-sales services.
“Kälte Eckert has a leading position in its markets and is helping to meet the increasing demand for sustainable refrigeration and air conditioning solutions. This is an excellent fit for Triton, as we have a strong desire to contribute to the transition to more environmentally friendly solutions in the markets, we operate in. We look forward to working with the management team and employees to further accelerate the company’s regional expansion,” says Andi Klein, Managing Partner and Head of TSM at Triton.
Services is one of Triton’s core sectors and the firm has a substantial focus on ESG-driven business models. Triton has invested in Services companies for more than 20 years across Europe and brings in relevant know-how in the area of air conditioning technology systems through its expertise in the Industrial Tech sector.
“We welcome Triton as our new partner to support our future growth and regional expansion across Germany. We are thrilled to partner with the firm, as its investment experience in the sector and broad network of experts can help us drive our efforts and innovation around sustainability further,” add Michael and Holger Eckert, Co-CEOs at Kälte Eckert.
The acquisition of Kälte Eckert is the 8th platform acquisition of the Triton Smaller Mid-Cap Fund II, which successfully closed above its fundraising target on €815mn in 2021. The fund applies Triton’s proven investment strategy to lower mid-market companies in the same core sectors of Services, Healthcare, Industrial Tech and Consumer, using Triton’s in-house operational capabilities and resources to help management teams to sustainably expand the company’s market position and to implement their growth strategies. The fund generally takes majority stakes in companies requiring an equity exposure between €40 and €100 million, and focuses on Germany, Austria and Switzerland, the Nordic region and Benelux.
About Kälte Eckert
Kälte Eckert Group is one of the leading companies in the field of natural refrigeration technology. With the competence and experience of four companies Kälte Eckert GmbH, Günther Kältetechnik GmbH, Gartner, Keil & Co GmbH, and SOS Kältetechnik GmbH, the group has a wide-ranging portfolio of services at the highest level.
Founded in 1966 Kälte Eckert Group has developed from a one-man operation to a successful medium-sized company for air conditioning and refrigeration systems with more than 100 qualified and specialized employees.
For further information: www.kaelte-eckert.de/
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 support 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.
For further information: www.triton-partners.com