Triton buys majority stake in Kälte Eckert Group

Triton Smaller Mid-Cap Fund II made the investment.

  • Kälte Eckert is the eighth acquisition of the Triton Smaller Mid-Cap Fund II
  • Triton is investing in Kälte Eckert Group alongside the management team
  • Triton focuses on services as one of its core sectors and the firm has a focus on ESG-driven business models

Triton announced on Thursday that it has acquired a majority stake in Kälte Eckert Group. Triton Smaller Mid-Cap Fund II invested alongside the Kälte Eckert management team.

Kälte Eckert is a Markgröningen, Germany-based supplier of tailor-made environmentally friendly refrigeration and air conditioning systems for corporate and private customers.

Services is one of Triton’s core sectors and the firm has a focus on ESG-drive business models. As Kälte Eckert provides solutions based on natural refrigerants, it fits within that strategy.

London-based Triton has sponsored 10 funds focusing on businesses in the industrial tech, services, consumer and healthcare sectors. It has been investing in services companies for more than 20 years across Europe. This is the eighth purchase made by the Triton Smaller Mid-Cap Fund II. The fund closed above its fundraising target on €815 million in 2021. Triton Smaller Mid-Cap Fund II invests in lower mid-market companies across the services, healthcare, industrial tech and consumer sectors in Germany, Austria, Switzerland, the Nordics and Benelux.

“Kälte Eckert has a leading position in its markets and is helping to meet the increasing demand for sustainable refrigeration and air conditioning solutions,” said Andi Klein, managing partner and head of TSM at Triton. “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.”

“We welcome Triton as our new partner to support our future growth and regional expansion across Germany,” said Michael and Holger Eckert, co-CEOs at Kälte Eckert. “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.”