Tag Archives: Industrie

Sunds Fibertech acquires LÜBKE GmbH

Priveq

Priveq’s portfolio company Sunds Fibertech has acquired LÜBKE GmbH.

The acquisition strengthens Sunds Fibertech’s environmental systems portfolio, supporting their mission to “Boost your plant” by enhancing plant operations and air quality. LÜBKE’s market-leading technology and high-quality solutions complementing existing offering and positions Sunds to meet the growing demand for emission control solutions across the panelboard and other process industries.

Please find more information about the deal on Sunds Fibertech’s website.

For further information, please contact

Karl-Johan Willén
Partner & Investment Manager
Phone: +46 8 459 67 66
Mobile: +46 70 950 88 25
Email: karljohan.willen@priveq.se

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Shermco Expands Power Systems Engineering Capabilities with Acquisition of R3L Engineering

Gryphon Investors

Strategic acquisition enhances Shermco’s Southeastern footprint with expanded operations near Birmingham, Alabama

Shermco Industries, a leader in electrical testing, engineering, maintenance, and repair, announced today the acquisition of R3L Engineering (R3L). This strategic acquisition strengthens Shermco’s presence in the Birmingham, Alabama area, expands its technical workforce, and enhances its ability to serve customers across Alabama, the Southeast, and beyond. Terms of the transaction were not disclosed.

R3L specializes in the engineering design, installation, upgrade, and maintenance of power delivery systems, helping industrial customers achieve reliable, long-term system performance.

“R3L brings a highly skilled team with decades of industry experience and a proven track record of delivering engineered solutions across all voltage and vintage ranges,” said Phil Petrocelli, CEO of Shermco Industries. “This partnership supports our continued commitment to providing best-in-class expertise and reliability for critical power systems.”

The acquisition expands Shermco’s regional workforce, bolsters its technical capabilities and depth of engineering workforce, and positions the company for continued growth in industrial markets. With combined local expertise and expanded resources, Shermco is well-equipped to support customers with construction, system upgrades, and ongoing maintenance needs.

Shermco is majority-owned by San Francisco-based Gryphon Investors, a leading middle-market private

investment firm.

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About Shermco

Headquartered in Irving, TX, Shermco provides electrical testing, maintenance, commissioning and repair

services to a wide range of utility, industrial, energy and other end markets. With more than 40 locations, Shermco serves a diversified blue-chip client base across North America. The Company is an active participant in NETA (the InterNational Electrical Testing Association), EASA (Electrical Apparatus Service Association), and AWEA (American Wind Energy Association). For more information, visit www.shermco.com.

About Gryphon Investors

Gryphon Investors is a leading middle-market private investment firm focused on profitably growing,

competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth,

Software, and Technology Solutions & Services sectors. With approximately $10 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertise. Gryphon’s three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $500 million per portfolio company. The Junior Capital strategy targets investments of $10 million to $25 million in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors.

Shermco Contact:

Drew Johns

Vice President, Corporate Development

Shermco Industries

Drew.Johns@shermco.com

For Gryphon:

Caroline Luz

Lambert

Cluz@lambert.com

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Platinum Equity’s Credit Team Leads Refinancing for Impact Climate Technologies

Platinum

Incumbent lender Platinum steps up again with new financing solution to support ICT’s continued growth

LOS ANGELES (April 30, 2025) – Platinum Equity announced today it led a financing for Impact Climate Technologies to refinance its existing indebtedness and support future growth of the business.

ICT is a leading supplier of design-assist engineering and manufacturers’ representation services to the commercial HVAC industry across data center, healthcare, life sciences, education, government, industrial and other commercial end markets.  ICT offers a comprehensive range of HVAC product lines, including custom air handling units, packaged equipment, precision cooling equipment, air distribution, fans, sheet metal products and a variety of other specialty applied equipment and commercial components.

ICT’s operating companies include local firms like Tom Barrow Company (Southeast), RF Peck (upstate NY), H&B Engineered Products (Mid Atlantic), Indiana Thermal Solutions (Midwest), Keller Rivest (Midwest), DMR Associates (Mid Atlantic), Texas Air Products (Texas), Fontanesi & Kann (Midwest), Biogrid (Midwest) and Architectural Building Products (Midwest).

“ICT and Ardian have been excellent partners, and the ICT platform continues to grow. We are enthusiastic to partner with Ardian again and continue supporting their next chapter.”

Jacob Kotzubei and Louis Samson, Co-Presidents, Platinum Equity

In 2023, Platinum Equity provided a loan to Tom Barrow Company in connection with Ardian’s acquisition of a majority stake in the business. Since that time, the company has grown both organically and inorganically, expanded its geographic reach, and deepened its relationship with both vendors and customers.   Platinum Equity’s latest financing sets the stage for ICT’s continued growth in the years to come.

“ICT and Ardian have been excellent partners, and the ICT platform continues to grow,” said Platinum Equity Co-Presidents Jacob Kotzubei and Louis Samson in a joint statement.  “We are enthusiastic to partner with Ardian again and continue supporting their next chapter.”

The ICT refinancing was led by Platinum Equity’s dedicated credit team, which seeks opportunities to provide debt capital to companies for a variety of uses, including acquisitions, refinancings and recapitalizations.

“As an incumbent lender, we know ICT’s operations, leadership team and industry well and are in a great position to provide a new financing solution to support the company’s continued growth,” said Platinum Equity Managing Director and Global Head of Credit Michael Fabiano. “Our aim is to establish meaningful long-term partnerships with borrowers where we can truly add value and continually meet their needs as strategies evolve.”

Platinum’s credit team targets companies that generally have $15 to $75 million of EBITDA and are primarily based in North America.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions and debt financings.

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Latour expands in lift communication solutions in the UK by acquiring Syntium Lifts

Latour logo

Investment AB Latour (publ) has, through its wholly-owned company Esse-Ti, part of the Innovalift business area, acquired 100 per cent of the shares in Syntium Lifts (“Syntium”), based in Kent in the UK, to expand its geographical reach of lift communication products for lifts and elevators.

Syntium is a leading UK specialist distributor of lift communication products for elevators, primarily for the growing modernization segment. The company, founded in 2010 by Dave O’Brien, sells complete lift communication solutions such as autodialler units, evacuation intercom systems and routers with associated SIM card services. Syntium has net sales in excess of GBP 2 m, exclusive to the UK and Ireland, and a profitability well above Latour’s wholly-owned industrial operations.

“We are happy to finally welcome Syntium into the Esse-Ti and Innovalift family, further strengthening our strong existing partnership. Through this acquisition, we elevate our position within lift communication solutions in the UK. I look forward to collaborating with Dave and the team and to be growing and developing the company further as a part of Esse-Ti and Innovalift”, says Alessandra Mancinelli, CEO of Esse-Ti.

“I am very pleased to partner with Esse-Ti and Innovalift. I am confident that Syntium will benefit from being a part of the greater Innovalift family, and the resulting collaboration across all the sister companies. I am certain that this will benefit all our customers and our great team of employees”, says Dave O’Brien, Managing Director of Syntium.

The acquisition is expected to have an insignificant impact on the financial position of the Latour Group.

Gothenburg, 3 April 2025

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Alessandra Mancinelli, CEO Esse-Ti, +39 335 76 01 807
Jens Synneby, Investment Director, Investment AB Latour, +46 709 95 54 25

Innovalift consists of Aritco, Vimec, and Motala Hissar for platform lift manufacturing, TKS Heis and Gartec for lift installation and service, and Arkel, Vega, Esse-Ti, and BS Tableau for elevator components and modernization. Innovalift employs about 1,200 colleagues and has aggregated net sales of about SEK 3.3 billion.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of SEK 86 billion as of 31 March, 2025. The wholly-owned industrial operations have an annual turnover of SEK 27 billion.

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MÜPRO expands to Ireland through the acquisition of MSS

IK Partners

Wiesbaden, April 2nd, 2025 – MÜPRO International GmbH (“MÜPRO” or “the Group”), a portfolio company of IK Partners’ funds, is pleased to announce that it has signed an agreement to acquire MSS Building Services Ltd (“MSS” or “the Company”), a specialist distributor of advanced support systems based in Ireland. This acquisition marks MÜPRO’s first direct presence in the Irish market, reinforcing its commitment to serve customers across borders with local expertise and technical excellence.

Headquartered in Dublin, Ireland, MSS has developed a strong reputation for its deep technical know-how and reliability, particularly in the fast-growing Data Centre sector. The company is known for its comprehensive range of mechanical and electrical support systems, including bespoke prefabricated solutions for complex infrastructure environments. Its experience in high-performance and mission-critical settings – especially supporting datacentre construction and fit-outs – has made MSS a trusted partner to major players in the Irish and European markets and has an existing relationship with MÜPRO as a supplier.

Since the investment by funds managed by IK Partners into MÜPRO, this transaction is the second acquisition of MÜPRO and is part of its long-term strategy to become a leading European player in the pipe fastening market by growing in core markets and new geographies both organically and through M&A. The acquisition of MSS also marks an important cornerstone for further growth in the UK and Ireland and better enables the group to serve multinational customers, especially those in the datacentre and technology infrastructure space. The transaction is subject to customary regulatory approvals.

Dr. Wolfgang Gödel, CEO of MÜPRO Group, said:
“We are delighted to welcome MSS to the MÜPRO family. Its outstanding service level, high-quality solutions and deep customer relationships with key clients in Ireland complement our own strengths and ambitions. Establishing a direct presence in Ireland and expanding our expertise in data centre projects is an important milestone in our international expansion, and we look forward to building on the strong foundations MSS Services has created.”

Darren Kiely, Director of MSS Services Ltd, commented:
“Becoming part of MÜPRO marks an exciting new chapter for MSS Services. This partnership will allow us to leverage MÜPRO’s extensive product portfolio, R&D capabilities, and international network while continuing to deliver the same trusted service to our clients. We look forward to growing together and bringing even more value to our customers.”

William McDonald, Director of MSS Services Ltd, added:
“MÜPRO shares our hands-on, customer-first philosophy, and that was incredibly important
to us. We’re confident that this collaboration will open new opportunities not just for our team,
but also for our clients, who will benefit from an even broader range of solutions backed by a
global brand.”

About MSS

MSS Ltd., established in 2001 as a joint venture with MÜPRO, is a leading supplier of mechanical and electrical support systems in Ireland. Following a management buyout in 2006, the company rebranded to M.S.S. Building Services Ltd. The Company offers a wide range of products, including brackets, supports, ladders, and trays. With a commitment to exceptional customer service, MSS Ltd. has built strong relationships with clients. For more information, visit www.mssltd.ie

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About MÜPRO

MÜPRO is a leading manufacturer of pipe fastening technology for HVAC installations and provides comprehensive solutions with premium hardware products, engineering and planning services, technical consulting and tailormade logistics concepts. Headquartered in Wiesbaden, Germany, MÜPRO has a network of 12 international subsidiaries and serves over 50 countries. MÜPRO serves a wide range of construction end markets, including segments such as industrial facilities, commercial and public buildings, airports, hospitals, and maritime vessels. For more information, visit https://www.muepro.com/en/home/

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MÜPRO expands to Ireland through the acquisition of MSS

IK Partners

Wiesbaden, April 2nd, 2025 – MÜPRO International GmbH (“MÜPRO” or “the Group”), a portfolio company of IK Partners’ funds, is pleased to announce that it has signed an agreement to acquire MSS Building Services Ltd (“MSS” or “the Company”), a specialist distributor of advanced support systems based in Ireland. This acquisition marks MÜPRO’s first direct presence in the Irish market, reinforcing its commitment to serve customers across borders with local expertise and technical excellence.

Headquartered in Dublin, Ireland, MSS has developed a strong reputation for its deep technical know-how and reliability, particularly in the fast-growing Data Centre sector. The company is known for its comprehensive range of mechanical and electrical support systems, including bespoke prefabricated solutions for complex infrastructure environments. Its experience in high-performance and mission-critical settings – especially supporting datacentre construction and fit-outs – has made MSS a trusted partner to major players in the Irish and European markets and has an existing relationship with MÜPRO as a supplier.

Since the investment by funds managed by IK Partners into MÜPRO, this transaction is the second acquisition of MÜPRO and is part of its long-term strategy to become a leading European player in the pipe fastening market by growing in core markets and new geographies both organically and through M&A. The acquisition of MSS also marks an important cornerstone for further growth in the UK and Ireland and better enables the group to serve multinational customers, especially those in the datacentre and technology infrastructure space. The transaction is subject to customary regulatory approvals.

Dr. Wolfgang Gödel, CEO of MÜPRO Group, said:
“We are delighted to welcome MSS to the MÜPRO family. Its outstanding service level, high-quality solutions and deep customer relationships with key clients in Ireland complement our own strengths and ambitions. Establishing a direct presence in Ireland and expanding our expertise in data centre projects is an important milestone in our international expansion, and we look forward to building on the strong foundations MSS Services has created.”

Darren Kiely, Director of MSS Services Ltd, commented:
“Becoming part of MÜPRO marks an exciting new chapter for MSS Services. This partnership will allow us to leverage MÜPRO’s extensive product portfolio, R&D capabilities, and international network while continuing to deliver the same trusted service to our clients. We look forward to growing together and bringing even more value to our customers.”

William McDonald, Director of MSS Services Ltd, added:
“MÜPRO shares our hands-on, customer-first philosophy, and that was incredibly important
to us. We’re confident that this collaboration will open new opportunities not just for our team,
but also for our clients, who will benefit from an even broader range of solutions backed by a
global brand.”

About MSS

MSS Ltd., established in 2001 as a joint venture with MÜPRO, is a leading supplier of mechanical and electrical support systems in Ireland. Following a management buyout in 2006, the company rebranded to M.S.S. Building Services Ltd. The Company offers a wide range of products, including brackets, supports, ladders, and trays. With a commitment to exceptional customer service, MSS Ltd. has built strong relationships with clients. For more information, visit www.mssltd.ie

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About MÜPRO

MÜPRO is a leading manufacturer of pipe fastening technology for HVAC installations and provides comprehensive solutions with premium hardware products, engineering and planning services, technical consulting and tailormade logistics concepts. Headquartered in Wiesbaden, Germany, MÜPRO has a network of 12 international subsidiaries and serves over 50 countries. MÜPRO serves a wide range of construction end markets, including segments such as industrial facilities, commercial and public buildings, airports, hospitals, and maritime vessels. For more information, visit https://www.muepro.com/en/home/

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Meridian Adhesives Group Expands Technical Capabilities in Asia with the Launch of the Penang Application Development Center

Arsenal Capital Partners

Penang, Malaysia – Meridian Adhesives Group (Meridian) is proud to announce the grand opening of the Penang Application Development Center (ADC), a state-of-the-art facility designed to enhance technical capabilities and innovation in Asia. This strategic investment strengthens Meridian’s presence in the region by expanding Pacific Adhesive Systems, a key brand within its Electronics Division, while delivering cutting-edge solutions to customers and partners across the industry.

Driving Innovation Across Meridian’s Electronics Division

Meridian’s Electronics Division is a global leader in high-performance adhesive solutions, serving industries such as semiconductors, consumer electronics, automotive, and aerospace. The division encompasses leading brands Epoxy Technology Inc., manufacturer of Epo-Tek®; Epoxies, Etc.; and Pacific Adhesive Systems.

As an extension of Pacific Adhesive Systems, the new Penang ADC will serve as a technical hub for all Electronics Division customers in Asia, providing advanced application development, material testing, and process optimization support.

A New Hub for Research, Development, and Technical Support

Equipped with cutting-edge technology and advanced testing facilities, the Penang ADC is dedicated to enhancing material performance and manufacturing efficiencies. The center will provide specialized services, including:

  • Thermal & Mechanical Testing – Instruments such as UV-DSC, TGA, DMA, and TMA for detailed material analysis.
  • Environmental Testing & Durability Assessments – Chambers for humidity, temperature cycling, and aging simulations.
  • Advanced Measurement & Analysis – Die shear testing, rheometry, and viscometry for quality control and R&D.
  • Precision Dispensing & Mixing Technologies – Automated dispensing, plasma treatment, and UV curing systems for manufacturing optimization.
  • State-of-the-Art Cleanroom & Thermal Processing – A Class 10K cleanroom for contamination-sensitive applications.

Enabling Customers to Innovate, One Bond at a Time

The launch of the Penang ADC reinforces Meridian’s commitment to delivering localized technical expertise and tailored solutions to its customers across the region. By integrating the capabilities of Pacific Adhesive Systems with the global resources of Meridian’s Electronics Division, the new facility will accelerate product innovation, improve application performance, and foster closer collaboration with industry partners.

“We are thrilled to establish the Penang Application Development Center as a cornerstone of our growth in Asia,” said Charles Lai, APAC Managing Director at Meridian Electronics. “This new facility not only strengthens our R&D capabilities but also allows us to better serve our customers with cutting-edge solutions tailored to their evolving needs.”

With the Penang ADC, Meridian, Pacific Adhesive Systems, and its Electronics Division brands continue to push the boundaries of innovation and excellence, delivering next-generation technologies that empower industries worldwide.

About Meridian Adhesives Group:

Meridian Adhesives Group is a leading manufacturer of high-performance adhesives, providing cutting-edge solutions across electronics, flooring, infrastructure, packaging, and product assembly markets. With a strong portfolio of innovative brands, Meridian is dedicated to delivering superior adhesive technologies to meet the evolving needs of global customers.

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Ratos divests airteam as part of its ongoing streamlining

Ratos

Regulatory Information 2025-03-18

Ratos has entered into an agreement to divest airteam, one of the Nordic region’s leading suppliers of technical ventilation solutions, to Nalka Invest. The purchase price (equity value) amounts to approximately SEK 1,700m (for 100% of the shares in the company), corresponding to an EV/EBITA multiple of around 10x. The divestment pertains to Ratos’ entire holding in airteam, which amounts to 70% of the shares, and is another step in the previously announced streamlining of Ratos into a group focused on industrial and technological solutions.

“Today’s announcement is an important step in Ratos’ ongoing streamlining of the group, and the divestment is a natural step in the ongoing strategic review of the Construction & Services business area. airteam has performed well financially under Ratos’ ownership, but ventilation solutions are not part of Ratos’ core operations. I’m pleased that airteam gets a qualified and committed owner to support its continued journey, and that Ratos can continue to focus on technological development and industrial product solutions,” says Jonas Wiström, President and CEO of Ratos.

Since Ratos acquired airteam in 2016, the company’s sales have grown from SEK 768m to SEK 1 714m in 2024 while EBITA has increased from SEK 74m to SEK 160m.

Estimated financial impact on Ratos
Ratos will earn a capital gain of approximately SEK 390m on the sale and receive cash and cash equivalents of approximately SEK 1 200m. Final capital gain will be calculated on closing. Overall, this will give Ratos a stronger financial position, ensuring continued scope for value creation through investments and acquisitions in Ratos’ core operations.

The transaction is subject to customary regulatory approval and is expected to be completed in the second quarter of 2025.

For further information:
Katarina Grönwall, VP Communication
+46 70 300 35 38, katarina.gronwall@ratos.com
Christian Johansson Gebauer, President Business Area Construction & Services
+46 8 700 17 00
Jonas Wiström, President and CEO
+46 8 700 17 00

This information is information that Ratos is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-03-18 20:40 CET.

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 15 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 32 billion in net sales 2024. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Plastiflex strengthens its position with the acquisitions of Smooth-Bor and TIK

Beringen, Belgium – Plastiflex Group N.V. (“Plastiflex”, “Plastiflex Group” or “the Group”), a leading manufacturer of high-end tubing systems and custom components is pleased to announce that it has made two transformational acquisitions with the addition of both Smooth-Bor Plastics (“Smooth-Bor”) and TIK d.o.o. (“TIK”). These investments will further enhance the global growth and technological leadership profile of Plastiflex by consolidating the Group’s strong position in the fast-growing respiratory care market and by adding new end-markets with high growth potential to its fluid management segment (such as filters or bloodlines for dialysis patients).

A Strengthened Group

The acquisition of Smooth-Bor strengthens Plastiflex’s leading position in tubing systems for the rapidly- growing respiratory care market, while the acquisition of TIK provides Plastiflex entry to the catheter manufacturing market to complement its current healthcare fluid management offering. The Group will now have 12 manufacturing facilities globally, with 7 dedicated healthcare facilities in North America (USA and Mexico), EMEA (Germany, Slovenia and Turkey) and Asia (China and Malaysia).

Since IK Partners’ investment in 2021, Plastiflex Group has accelerated its buy-and-build strategy, making a total of four add-on acquisitions in the Healthcare sector. At present, the Group expects to generate approximately €200 million in sales and roughly €50 million in EBITDA in 2025, with the vast majority derived from customers in the sector. Plastiflex envisions a clear trajectory to continue its growth, aiming to double its sales in the coming years by leveraging its current footprint and client portfolio in these fast-growing end markets while continuing to execute on its buy-and-build strategy.

Smooth-Bor

Founded in 1971 and headquartered in California, USA, Smooth-Bor is a leading healthcare company, specialised in the production of corrugated heated tubes for continuous positive airway pressure (“CPAP”) devices, as well as other tubing systems and masks for the respiratory care market with a specialisation in sleep apnoea. The company employs over 100 people who are based across its manufacturing sites in North America and Malaysia.

Through the partnership with Smooth-Bor, Plastiflex will be able to further consolidate its leading position in the market and utilise additional production capacity in USA and Southeast Asia, in line with the Group’s operational strategy of regional self-sufficiency.

Smooth-Bor will continue to be led by CEO Eric Carlson as well as President and CFO Steve Caiozzo.

TIK

Established in 1971 and headquartered in Kobarid, Slovenia, TIK is a leading manufacturer of disposable medical devices, specialised in the production of coated urethral catheters and follicle aspiration needles. The company also produces a wide range of tubing systems for other applications in the field of respiratory care, gynaecology and gastroenterology. At present, TIK employs over 90 people.

By joining forces with TIK, Plastiflex will be able to further extend its product portfolio in the fluid management market space and utilise additional production capacity in Europe, in line with the Group’s operational strategy of regional self-sufficiency.

TIK will continue to be led by Managing Director Petra Borovinšek, who has been in place since 2018.

Piet Gruwez, CEO of Plastiflex, said: “We’re delighted to announce the acquisitions of Smooth-Bor and TIK as we continue to strengthen Plastiflex’s as a leading medical device manufacturer of tubing systems. The acquisition of Smooth-Bor will further strengthen our leadership position in the fast-growing respiratory care market, while the acquisition of TIK provides us with access to the catheter manufacturing market, a market with huge growth potential for the group. We look forward to working closely with the employees of both companies to integrate them fully within the ever-evolving Plastiflex Group.”

Eric Carlson, CEO of Smooth-Bor Plastics, commented: We are very happy about the further development of Smooth-Bor within this strategic partnership with the Plastiflex Group and we are convinced that, together, we will be able to offer a further enhanced product portfolio to all our customers across the globe.”

Petra Borovinšek, Managing Director of TIK, added: “We are thrilled to be joining forces with Plastiflex, leveraging our shared experience to continue sales growth in Europe, further enhance our product portfolio and reinforce the Group’s position as an indispensable partner to distributors.”

For further questions, please contact:

Plastiflex Group
Piet Gruwez
Chief Executive Officer
Phone: +32 11 45 03 99
piet.gruwez@plastiflex.com

About Plastiflex Group

Since its foundation in 1953, the Plastiflex Group (“Plastiflex”) has become one of the world’s leading suppliers of components and high-end customised tubing systems for customers in the medical and industrial technology sectors. Plastiflex, headquartered in Beringen, Belgium, is globally active and employs more than 1,400 people across it 12 international production sites and other subsidiaries. For more information, visit: http://www.plastiflex.com/

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About Smooth-Bor Plastics

Established in California in 1971 as a family-owned business, Smooth-Bor Plastics now operates as a second-generation producer of innovative tubing solutions and stands as one of the global leaders in the realm of heated tubes with more than 100 employees across the 2 production facilities. For more information, visit: https://www.smoothborplastics.com/

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About TIK d.o.o.

Established in Kobarid, Slovenia in 1951, TIK d.o.o. (“TIK”) has been transformed from the original company of needle production to the current medical device manufacturer, focusing on the production of different types of catheters in urology, respiratory therapy and gastroenterology as well as follicle aspiration needles in gynaecology. TIK has a flexible organization with 90 employees, fully compliant with ISO 13485:2016 for manufacturing medical devices with clean rooms area of 1.500 m2 and a strong in-house R&D with complete production process done on site. TIK has sales in more than 30 countries all over the world. For more information, visit: https://tik.si/en/

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Charterhouse announces partnership with leading French fire safety and security systems provider ESTYA

Charterhouse

Charterhouse Capital Partners (“Charterhouse”), one of the longest-established private equity firms operating in Europe, today announces that it has agreed to acquire ESTYA, formerly ERIS (“the “company”). Charterhouse will invest in partnership with ESTYA’s management, who are reinvesting in the company, and alongside Chequers Capital, who will remain a significant shareholder following an initial investment in 2021. The transaction is subject to customary regulatory approval.

Founded in 1974, ESTYA, is a leading French services provider specialising in electronic fire safety and security systems with a comprehensive offering across electronic fire detection, smoke extraction and compartmentation, gas detection and electric security. Headquartered in Paris, the company delivers circa €120m in revenue, across 15 agencies in France, and has tripled in size since 2021, having completed seven acquisitions during that period of time.

ESTYA’s leadership, including CEO and Founder Ludovic Goëta, are committed to supporting the firm’s next stage of growth alongside Charterhouse and Chequers Capital. Through this partnership, and in alignment with ESTYA’s management, Charterhouse will apply its expertise in professionalising, internationalising, and transforming services businesses through organic growth and M&A initiatives across France and other key European geographies.

Charterhouse pursues pan-European mid-market opportunities in two core sectors of focus: Services and Healthcare. It targets businesses that feature ‘defensive growth’ characteristics, combining strong market positions with sustained earnings growth, with the potential for transformation. Its investment in ESTYA is closely aligned with this investment strategy, and follows recent investments in Metrodora, a leading Spanish education group for healthcare professionals, Skin Tech Pharma Group, a B2B medical aesthetics group, and Two Circles, a leading tech-enabled services and software business serving sports and entertainment clients, which were agreed in 2024.

Cédric Barthélemy, Partner at Charterhouse said: “We have been following ESTYA’s journey closely for some time and have been truly impressed by what Ludovic and his team have achieved to date. As a fast-growth, high quality and resilient mid-market company, ESTYA is exactly the type of business that we like to back at Charterhouse. We are delighted to combine our expertise in transforming local leaders in the services sector into international champions with the talented management team and Chequers Capital, to reinforce ESTYA’s leading market position and support Ludovic’s long-term growth ambitions.”

Ludovic Goëta, CEO and Founder at ESTYA, said: “At ESTYA, we are focused on providing mission critical services to our customers across the electronic fire safety and security system value chain. We have grown strongly in recent years and are confident that Charterhouse is the right partner, alongside Chequers Capital, to take us into our next stage of growth across France and into new European markets.”

Aurélien Klein, Managing Partner at Chequers Capital

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