M&A Deal Summary

Kingspan Acquires Logstor

On March 23, 2021, Kingspan acquired energy services and equipment company Logstor from Triton Partners for 253M EUR

Acquisition Highlights
  • This is Kingspan’s 1st transaction in the Energy Services and Equipment sector.
  • This is Kingspan’s largest (disclosed) transaction.
  • This is Kingspan’s 1st transaction in Denmark.

M&A Deal Summary
Date 2021-03-23
Target Logstor
Sector Energy Services and Equipment
Buyer(s) Kingspan
Sellers(s) Triton Partners
Deal Type Add-on Acquisition
Deal Value 253M EUR

Target

Logstor

Logstor, Denmark
Logstor is a supplier of pre-insulated pipe systems, not only for District Heating, but also for District Cooling, Oil & Gas, and various industrial verticals. Logstor is an international enterprise with sales and production companies in Denmark, Sweden, Finland, and Poland and has sales to more than 50 markets through resellers and own sales companies in Germany, the Netherlands, Switzerland, Austria, France, Lithuania, Italy, Romania, and United Kingdom. Logstor was formed in 1960 and is headquartered in Løgstør, Denmark.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Kingspan

Kingscourt, Ireland
Category Company
Founded 1965
Sector Building Materials
Employees22,000
Revenue 8.1B EUR (2023)
DESCRIPTION

Kingspan is a provider in high performance insulation, building fabric and solar integrated building envelopes. Kingspan delivers high efficiency, low cost and low carbon building solutions across a broad range of market sectors. Kingspan was founded in 1965 and is based in Kingscourt, Ireland.

DEAL STATS #
Overall 14 of 16
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 9 of 10
Country (Denmark) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-15 Groupe Bacacier

Aigueperse, France

Groupe Bacacier is one of France’s major specialists in metal cladding. Drawing on high levels of industry expertise in the transformation of steel (profiling, folding, cutting, stamping and pressing), Bacacier provides a full range of cladding products (roofing, facades and cladding, structural floors and false ceilings). Groupe Bacacier products are used in all types of buildings: industrial, agricultural, commercial and residential. Bacacier has also expanded its offering of consumer products, available through major DIY chains, and developed a range for architects, notably in collaboration with designer Philippe Starck.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 Onduline

Suresnes, France

Onduline is a manufacturing and marketing bitumen based roofing materials mainly roofing sheets and roof deck sheets. Onduline develops, produces and sells light building materials produced from recycled fibers and oil. Onduline was founded in 1944 and is based in Suresnes, France.

Buy -

Seller(S) 1

SELLER

Triton Partners

Frankfurt, Germany

Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 15.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.

DEAL STATS #
Overall 39 of 51
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 24 of 28
Country (Denmark) 5 of 5
Year (2021) 1 of 4
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-11 Acre Security

Las Vegas, Nevada, United States

Acre Security is a manufacturer of electronic security products that are emphasizing the ongoing transition to more open platform systems. Acre Security was founded in 2012 and is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Geia

Aalborg, Denmark

Geia is a provider of food concepts and products to Nordic grocery retail. Geia offers customers products that differentiate them from competitors and traditional brands and offers its 200+ global food-producing suppliers an effective sales channel to all the major grocery retailers in the Nordics. Geia was founded in 2014 and is based in Aalborg, Denmark.

Buy -
Mergr

Product

Company

Legal