Anders Invest has acquired a 51% stake in Straatman, a manufacturer of balcony railings and balustrades from Varsseveld. The company has an annual turnover of €20 to €25 million and employs nearly 100 people.

Straatman Building Smart Connections, founded in 1991, specializes in balustrades and stairs for apartment complexes. The Varsseveld-based company designs, manufactures, and installs customized solutions in series that combine safety, innovation, and visual appeal.

By digitizing and automating every step in the process as much as possible, from 3D engineering to production, the company succeeds in realizing tightly managed construction processes with short installation times on site. This expertise makes the company particularly strong in apartment complexes where large quantities and varieties must be built within a short timeframe. Since 2017, turnover has tripled and the company has increased its market share, particularly with large Dutch construction companies.

Anders Invest holds a 51% stake alongside the two existing shareholders. Albert ten Wolde (59), involved with Straatman since 1999, is the driving force behind innovation and product development. Bart Peters (39) joined the company in 2006 as a project engineer and subsequently held various key roles within the company. He excels at optimizing processes and strengthening teams and will take on the role of Managing Director. Together, Albert and Bart combine innovative strength with a sharp focus on scalability and productivity. Anders Invest’s participation will enable the company to continue fulfilling its growth ambitions in the long term.

Strategic partnership for sustainable growth

• Engelmann is an international innovation leader in smart submetering technologies for heat, cooling, and water measurement
• Continued international expansion and ongoing product innovation are at the core of the future growth strategy
• Smart submetering – Driving data transparency and security as well as sustainable, circular energy use

Wiesloch-Baiertal/Frankfurt – European private equity firm Rivean Capital, together with Engelmann’s management, has acquired a majority stake in Engelmann from funds advised by DPE Deutsche Private Equity. Engelmann, headquartered in Wiesloch-Baiertal, is a leading developer and manufacturer of smart submetering technologies that play a central role in measuring and billing heat, cooling, and water consumption in multi-tenant buildings. The partnership with Rivean Capital will enable Engelmann to strengthen its market leadership and expand into existing and new international markets.

Engelmann employs 210 people across two sites in Germany and one in China. For more than a decade, Engelmann has grown significantly faster than the market, driven by product innovation, portfolio development, and increasing internationalization.

Strategic focus for future growth

“Rivean Capital has convinced us with its expertise and strategic resources that we can achieve our growth targets even faster. The partnership allows us to further enhance our innovation capabilities and expand into complementary markets,” says Michael Keuthen, CEO of Engelmann.

Engelmann is renowned for its end-to-end ecosystem in smart submetering, including innovative heat and water meters that are essential for efficient consumption measurement and billing in multi-tenant buildings. The partnership with Rivean Capital will help to accelerate the development of new products and strengthen Engelmann’s market presence.

“Together with management, we plan to actively shape Engelmann’s next growth phase,” says Alexander Dokters, Director and member of the Investment Team at Rivean Capital. “We see significant potential to further expand Engelmann’s strong market position – particularly through technological portfolio enhancements, consistent internationalization, and targeted add-on acquisitions.”

International market with strong growth potential

The global submetering market continues to show strong growth dynamics. Rising demand for energy-efficient solutions in multi-tenant buildings and increasing connectivity of submetering systems – including real-time data analysis, consumption optimization, and integration into smart home and district solutions – offer Engelmann long-term growth prospects. In recent years, the company has established itself as one of the leading providers of smart submetering technologies.

“With Rivean Capital’s support, Engelmann will accelerate its international expansion while advancing product development in areas such as intelligent submetering systems and software solutions to improve building energy efficiency,” says Dr. Justus Heuer, Partner and member of the Portfolio Enhancement Team at Rivean Capital. “The focus is not only on entering new markets but also on further developing digitalization within the company.”

Commitment to sustainability with a circular economy strategy

Engelmann’s frontrunner circularity approach reduces the product carbon footprint through recyclability and eco-design, supported by a comprehensive circular economy policy. The company focuses on designing products with modular components, durable materials, and improved energy efficiency during use, while ensuring that end-of-life units can be disassembled and reintegrated into production. Initiatives include closed-loop recycling processes, use of recycled materials in new products, and continuous innovation in eco-design to minimize environmental impact across the product lifecycle.

“Engelmann has established itself as a reliable partner in the smart submetering industry, with a clear focus on quality, innovation, customer satisfaction, and sustainability. These values align perfectly with Rivean Capital’s approach of investing in leading companies in the industrial tech sector,” explains Matthias Wilcken, Senior Partner and member of the Executive Committee at Rivean Capital. “We are confident that Engelmann will continue to grow in the coming years, supported by our financial resources and strategic guidance.”

About Engelmann

Founded in 1976 in Wiesloch-Baiertal, Engelmann offers a fully integrated product and service portfolio of heat, cooling, and water meters, electronic heat cost allocators, gateways, software, and data services. With one of the most comprehensive product portfolios in the market, Engelmann is among the few providers offering its customers a complete end-to-end ecosystem. Engelmann delivers more than one million devices annually to customers worldwide, helping them comply with EU Energy Efficiency Directive requirements and enabling accurate, consumption-based billing.

Further information:

The purchase price of the transaction has not been disclosed. Completion is subject to customary conditions, including merger clearance.

Engelmann is Rivean Capital’s seventh platform investment in Germany, alongside Perbility, Dataciders, Green Mobility Holding, ]init[ AG für digitale Kommunikation, Best4Tires, and TonerPartner.

About Rivean Capital

Rivean Capital is a leading European private equity investor for mid-market transactions, active in the DACH region, the Benelux countries, and Italy. Funds advised by Rivean Capital manage over EUR 5 billion in assets. Since its inception in 1982, Rivean has supported more than 250 companies in realizing their growth ambitions and has a strong track record of supporting and scaling successful high-tech businesses with cross-border growth agendas, including footprint expansions and operational excellence trajectories. Headquartered in Amsterdam, Netherlands, Rivean Capital also has offices in Brussels, Frankfurt/Main, Milan, and Zug, enabling a strong local presence across key European markets.

BBOF VI Holding C.V. (“Bencis”), together with CEO Frits Doddema and Monti’s management team, has signed an agreement to acquire Monti TopCo BV and its subsidiaries, including Monti-Werkzeuge GmbH (together “Monti” or the “Company”), from Norvestor VII L.P. and Norvestor VII OS L.P. (“Norvestor”).

Monti is a leading surface preparation technology provider with a consumables-driven business model. The company is globally recognized for its patented rotary bristle blasting solutions, which deliver surface cleanliness and roughness equivalent to blasting, while offering customers a portable, safer, and more environmentally friendly alternative.
With its strong technology and differentiated portfolio, Monti has built a global presence serving industries such as energy, marine, infrastructure and defense. The company has expanded its international footprint, strengthened its global organization and enhanced its product offering, while also investing in automating its production facility. Its solutions are valued for extending asset lifetime while reducing operational complexity and environmental impact.

Together with management, Bencis will further accelerate Monti’s international growth and reinforce its position as a global leader in surface preparation and anti-corrosion, focusing on internationalization, product innovation, as well as selective acquisitions.

About Monti
Monti is a globally renowned producer of innovative rotary bristle blasting technology used for efficient surface cleaning and coating removal to help maximize the long-term protection of customers’ assets. The company has a presence in Germany, Netherlands, Slovakia, Poland, the US, Australia, Singapore and Brazil.
Read more at www.montipower.com

About Bencis
Bencis is an independent investment company with offices in the Netherlands, Germany, and Belgium that supports business owners and management teams in achieving their growth ambitions. Managing six funds totalling €2.2 billion, Bencis has invested in over 80 companies and completed more than 330 follow-on acquisitions since 1999.
For more information, visit: www.bencis.com

The acquisition reinforces Jensen Hughes’ position in Canada and supports growth across key markets.

Jensen Hughes, a global leader in fire & life safety, security and risk-based engineering and consulting, today announced the acquisition of the Canadian operations of Professional Loss Control Inc., doing business as PLC Fire Safety Engineering – a highly respected fire & life safety engineering firm headquartered in Mississauga, Ontario, with operations spanning the country. This strategic acquisition broadens Jensen Hughes’ footprint across Canada and enhances its ability to support clients across critical industries, including nuclear, transit, industrial and healthcare.

Founded in 1983, PLC Fire Safety Engineering has built a strong reputation for its deep technical expertise, client-first approach and commitment to fire and explosion protection and prevention. The company provides a comprehensive range of services, including engineering assessments and analyses, code consulting, fire protection system design and consulting, training and fire safety planning, fire audits and fire event investigation. They are particularly well known for their longstanding support of Canada’s nuclear facilities, including power plants, waste management locations, research laboratories, mines and fuel processing facilities and leadership in complex environments.

“We’re proud to welcome PLC Fire Safety Engineering to the Jensen Hughes family,” said Raj Arora, CEO of Jensen Hughes. “Their exceptional technical and leadership talent, strong client relationships and deep understanding of high-risk sectors align perfectly with our strategic priorities. Together, we’ll continue delivering industry-leading fire protection solutions while expanding our footprint and capabilities across Canada.”

With the addition of PLC Fire Safety Engineering, Jensen Hughes strengthens its ability to serve clients with local knowledge backed by global resources – an alignment that resonates deeply with both organizations.

“Joining Jensen Hughes is an exciting next step for our team,” said Ghaith Qamheiah, Principal and President of PLC. “Our companies share a strong cultural alignment around technical excellence, innovation and integrity. This partnership will allow us to better serve our clients, provide new growth opportunities for our people and contribute to advancing fire and life safety across Canada and beyond.”

The integration process is already underway, with leadership from both organizations working closely to ensure a seamless transition for employees and clients.

Jensen Hughes is backed by middle-market private investment firm Gryphon Investors.

About Jensen Hughes

Jensen Hughes is the global leader in engineering, consulting and technology that make our world safe, secure and resilient. Worldwide, we are recognized most widely for our leadership in fire protection engineering while also specializing in other critical competencies core to our purpose – strategic capabilities we have been expanding for years. These include accessibility consulting, risk and hazard analysis, process safety, forensic investigations, security risk, and emergency management, as well as digital innovation across many of our services. Today, our 1,800+ engineers, consultants, analysts and strategists work from over 100 offices, supporting clients in over 100 countries across all markets – from government, healthcare, science and technology to energy, mission-critical and transportation. For more information, visit www.jensenhughes.com.

About Gryphon Investors

Gryphon Investors is a leading middle-market private investment firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With more than $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.