Triton completes investment in Royal Reesink
Frankfurt (Germany)/Apeldoorn (The Netherlands), 30 September 2019 – An entity controlled by the funds advised by Triton Partners (“Triton”) has successfully completed the acquisition of a majority stake in Royal Reesink B.V. (“Royal Reesink”), one of the largest international equipment distribution and aftermarket services platforms, from Gilde Buy Out Partners ("Gilde"), Teslin Participaties Coöperatief U.A. ("Teslin") and Navitas B.V. ("Navitas Capital"). Triton invests alongside the current management of Royal Reesink. The financial terms of the transaction were not disclosed.
Royal Reesink is a long-standing partner for major A-brand OEMs and is active in the agriculture, turf care, material handling and construction industries and hydraulics business. The company is recognized by its customers as a preferred provider of equipment and related lifecycle services.
About Royal Reesink
Royal Reesink was founded in 1786. The company has a Benelux stronghold along with a global footprint, also providing its end-to-end solutions in Canada, Germany, the United Kingdom, Kazakhstan, Denmark, South Africa and Turkey. Royal Reesink has around 2,100 employees. It enables customers to achieve the highest yield from machines and systems. By focusing on robotization, engineering, connectivity, measurability and the use of big data, Royal Reesink continually explores new opportunities for innovation. This involves sustainable solutions that respect people and the planet.
For further information: www.royalreesink.com/en
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest 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 improvements and growth.
The 39 companies currently in Triton's portfolio have combined sales of around €15,6 billion and around 74,600 employees.
For further information: www.triton-partners.com