Frankfurt (Germany)/Apeldoorn (The Netherlands), 11 June 2019
Peder Prahl, Director of the General Partners for the Triton funds, said: 'We look forward to actively supporting the management and employees of Royal Reesink as a stable owner by investing in the growth and development of the company. Our industry expertise and international network will further strengthen Royal Reesink’s position as a reliable partner to leading OEMs in various industries.”
“With Gilde, Teslin and Navitas Capital as a partner we have been able to further strengthen our leading market position in the Benelux as well as accelerate our growth throughout other countries such as Canada, South Africa, Germany and the United Kingdom. We are pleased to welcome Triton as the new majority owner. Based on their experience from prior investments, they have demonstrated deep sector knowledge. Triton is clearly the right partner for us as we continue to leverage our strong brand portfolio and aftermarket capabilities,” said Gerrit van der Scheer, CEO of Royal Reesink.
“Royal Reesink is recognized by its customers as a preferred provider of equipment and related lifecycle services and we look forward to continuing Royal Reesink’s success story together with management and employees”, adds Luc Hendriks, Operating Partner at Triton.
This press release is published in English, Dutch and German. In case of conflict between the English, Dutch and German versions, the English version shall prevail.
About Royal Reesink
Founded as a foundry and trading company in Zutphen, the Netherlands, in 1786, Royal Reesink is one of the oldest distribution and service companies in the world. Royal Reesink is a leading international distributor of agricultural, construction, landscaping and logistical machinery and currently encompasses more than 38 operating companies on four continents engaged in the distribution of machinery and components for the industrial sector, the agricultural sector and the landscape maintenance divisions of leading OEMs (Original Equipment Manufacturers). Its global network and local presence enable customers to optimize the performance of their business activities.
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.