CASE CASSIOPEA acted as exclusive financial adviser to EOS Partners on the sale of Smart Energy Group to Apleona
Smart Energy Group („SEG“), headquartered in Cologne, is a specialist in complex large-scale building projects for B2B and B2G clients. With its four operating entities Oertel & Prümm (electrical engineering), Lentzen Gebäudetechnik (HVACS), Matthias Frischke (HVACS) and GPC Technologies (TBS planning), the Group provides a one-stop-shop for technical building services with a strong focus on NRW and Hesse.
Since its investment in the nucleus Oertel & Prümm in July 2021, EOS Partners („EOS“), a long-term private equity firm with €500m AUM investing in mid-market companies in the DACH region, BeNeLux and the Nordics, has transformed the company from a regional electrical engineering specialist into a diversified Group through a combination of organic growth initiatives and strategic add-ons. Through regional expansion, a broadened trade offering and value chain expansion, SEG, now with more than 250 employees, covers the full spectrum of technical building services with >€100m in total output, industry-outperforming margins and unparalleled expertise in complex large-scale building projects.
With Apleona Wolfferts, a subsidiary of Apleona, a leading European provider of integrated facility management and building technology, EOS has found a new partner for SEG that shares a similar corporate culture. The companies have known each other for years through joint projects. The acquisition of SEG will further strengthen Apleona’s building technology division and reinforce its position as one of the leading full-service providers for building technology in Germany.
Commenting on the successful transaction, Thomas Röhrl, Partner at EOS said: “In a demanding and competitive market environment, SEG has not only shown resilience, but has also consistently delivered outstanding performance. In partnership with management, we have successfully delivered upon our investment thesis by building a leading platform for technical building services, while also laying the foundation for future generations through the set-up of a robust second and third management level. We are proud of what SEG achieved and are confident that the success will continue under the ownership of Apleona.”
CASE CASSIOPEA acted as exclusive financial adviser to EOS and SEG, underlining its expertise in the business services sector.