M&A Deal Summary

nVent Electric Acquires Trachte

On June 6, 2024, nVent Electric acquired building materials company Trachte from Palladium Equity Partners for 695M USD

Acquisition Highlights
  • This is nVent Electric’s 1st transaction in the Building Materials sector.
  • This is nVent Electric’s 2nd largest (disclosed) transaction.
  • This is nVent Electric’s 5th transaction in the United States.
  • This is nVent Electric’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2024-06-06
Target Trachte
Sector Building Materials
Buyer(s) nVent Electric
Sellers(s) Palladium Equity Partners
Deal Type Add-on Acquisition
Deal Value 695M USD

Target

Trachte

Oregon, Wisconsin, United States
Trachte is a provider of engineered buildings, hardware, and related solutions that house electrical controls, switchgear, and other advanced equipment and systems. Its products serve a broad base of customers including electrical utility, renewable energy companies, hospitals and data centers. The Company’s design engineering, project management and related value-added services and reputation for quality make it the provider of choice for leading utilities and equipment OEMs. Trachte was founded in 1919 and is based in Oregon, Wisconsin.

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Buyer(S) 1

Buyer

nVent Electric

London, United Kingdom

Category Company
Founded 1903
Sector Electrical Equipment
Employees11,300
Revenue 3.3B USD (2023)
DESCRIPTION

nVent Electric is a provider of electrical connection and protection solutions. nVent designs, manufactures, markets, installs, and services high-performance products and solutions that connect and protect some of the world’s most sensitive equipment, buildings, and critical processes. nVent offers a comprehensive range of enclosures, electrical connections and fastening, and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability, and innovation. The Company's principal office is in London, United Kingdom and our management office in the United States is in Minneapolis, Minnesota. nVent Electric was founded in 1903 and is based in London, England.


DEAL STATS #
Overall 8 of 8
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Wisconsin) 2 of 2
Country (United States) 5 of 5
Year (2024) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-11 TEXA Industries

Mantua, Italy

TEXA Industries is a provider of industrial cooling applications, including air conditioners and chillers, based in Mantua, Italy.

Buy -

Seller(S) 1

SELLER

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 25 of 26
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (Wisconsin) 1 of 1
Country (United States) 25 of 26
Year (2024) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 EverDriven

Greenwood Village, Colorado, United States

EverDriven is a provider of alternative student transportation solutions for a variety of student populations, including special education, homeless, foster, and other in-need students. The company leverages a proprietary, technology-enabled platform to optimize transportation for school districts across the U.S. EverDriven was founded in 2005 and is based in Greenwood Village, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-31 Del Real Foods

Mira Loma, California, United States

Del Real Foods is a manufacturer of value-added branded and private-label heat-and-serve Mexican cuisine products including value-added meats, prepared specialty items, fresh salsas, and side dishes. Del Real Foods was founded in 2002 and is based in Mira Loma, California.

Sell -