Triton Fund III has successfully completed the acquisition of LOGSTOR from funds managed by Montagu Private Equity and other shareholders.
Closing follows approval by the relevant competition authorities. Triton Fund III has acquired all of the share capital in LOGSTOR. The terms of the transaction were not disclosed.
"Triton is pleased to complete this investment, and we now look forward to working with LOGSTOR's management and employees to strengthen and grow the company", said Peder Prahl, a director of the General Partner of Triton Funds.
About LOGSTOR
LOGSTOR is the leading supplier of pre‐insulated pipe systems for energy‐efficient transportation of liquids and gases for district heating and cooling, marine and industrial purposes as well as oil and gas pipelines. The systems consist of pipes, joints, fittings and surveillance. Inventing the pre-insulated pipe technology more than 50 years ago, LOGSTOR has delivered more than 170,000 km of pre‐insulated pipes.
Headquartered in Løgstør, Denmark, LOGSTOR has subsidiaries in Austria, China, Finland, France, Germany, Italy, Lithuania, the Netherlands, Poland, Romania, Russia, Sweden and Switzerland as well as a network of agents and sales offices. The Group's 10 production facilities are situated in Denmark, Poland, Sweden, Finland and China. The Group employs approx. 1,300 people.
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton Partners has over 150 investment professionals and value creation experts across eleven offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.